The Bitcoin market experienced significant fluctuations recently, with a sharp drop leading to over $145 million in long liquidations as BTC prices fell to a multi-month low below $57,000. This downturn was part of a broader crypto market downturn, which saw more than $463 million in total liquidations. However, the market rebounded sharply, with Bitcoin's price surge to $62,900 triggering over $126.65 million in short liquidations across various incidents, including a notable $100M in shorts liquidated as BTC rebounded.