1044 ET - For short-term holders of bitcoin, last week was the worst since January 2015, says Cex.io in a note. While the current drop-off is nowhere near as severe as it was in 2015--with BTC falling 50% within two weeks at that time--the effects are plenty tough for short-term investors. "The pain for recent buyers was historically extreme not because the price move was the worst ever, but because it hit people who thought the bottom was already in," says Cex.io. Liquidations have slowed down, according to data from CoinGlass, with $58.9 million in positions liquidated in the past 24 hours, compared to the hundreds of millions seen liquidated daily last week. (kirk.maltais@wsj.com)
(END) Dow Jones Newswires
June 09, 2026 10:44 ET (14:44 GMT)
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