Bitcoin crashes to $60K as $530M in crypto liquidations shake traders

Bitcoin has dropped to $60,507, triggering $530 million in liquidations across 119,678 traders in a single day. At the same time, fresh forecasts suggest the cryptocurrency could reach a new all-time high by the end of 2026. The recent price dip has left 10.83 million BTC in the red, marking the largest number of underwater holdings in Bitcoin’s history. Despite this, long-term holders are holding firm, controlling a record 14.8 million BTC and showing no signs of selling.

Analysts predict Bitcoin could surge to new peaks by late 2026. A $1,000 investment at the current price of $60,507 would grow to roughly $2,000 at the projected target.

Elsewhere, the Pepeto presale is nearing its close after raising $10,334,426 at a price of $0.0000001879 per token. Early backers benefit from staking rewards compounding at 169% APY with each block. The project is expected to list on Binance, where a $10,000 investment could potentially turn into a million-dollar holding at launch.

Institutional interest in crypto remains strong, with 73% of investors actively involved according to the EY-Parthenon 2026 survey. The digital asset custody market is also set to expand, growing from $1 trillion to over $7 trillion by 2035. Bitcoin’s short-term volatility contrasts with long-term optimism. The Pepeto presale continues to attract attention as its window narrows. Institutional adoption and custody market growth signal broader confidence in digital assets.