Bitcoin's price decline below $64,182 has resulted in $1.397 billion in long liquidations across major cryptocurrency exchanges, according to Coinglass data. This significant liquidation event underscores the volatility in the market as traders adjust their positions. Conversely, if Bitcoin's price were to rise above $70,856, it would trigger $1.167 billion in short liquidations, highlighting the potential for substantial market movements in either direction. These figures reflect the high stakes and rapid changes in the cryptocurrency trading landscape.