Bitcoin slips below $63,000 as Asian traders flush leverage

Bitcoin bulls took a hit during Monday's Asian trading hours as the asset slid under the $63,000 mark. Traders using high leverage found their positions wiped out in a sudden cooling period for the leading cryptocurrency. It wasn't a total bloodbath, though. Data from CoinGlass shows these liquidations were relatively tame compared to recent volatility. The total value of forced exits sat at just one-sixth of the peak volume recorded over the last 30 days. This indicates that while the price dip felt sharp, the underlying market isn't facing the same systemic stress seen earlier this month. Most of the pain remained concentrated in long positions that got too aggressive during the weekend rally. Institutional eyes now turn to the U.S. open to see if Western spot demand can absorb the selling pressure. Will this minor flush provide the floor needed for a rebound, or is the $60,000 support level the next realistic target?