Bitcoin slips under $75,000 as 24-hour liquidations hit $941M

Bitcoin fell below $75,000 for the first time since mid-April, sliding more than 3% in the past 24 hours to $74,255 after trading above $77,000 earlier. The selloff weighed on major tokens and coincided with $941 million in 24-hour derivatives liquidations, dominated by long positions and led by Bitcoin- and Ethereum-linked contracts.