According to The Block, Bitcoin dropped to an intraday low of $71,200 on Thursday, hitting a nearly 12-week low, and was trading at around $71,600 at the time of reporting. Citing CoinGlass, the article noted that crypto liquidations exceeded $750 million over the past 24 hours, with long positions accounting for over $634 million. The report attributed the market volatility to factors including management changes at NVIDIA and Strategy being removed from the MSCI index. These figures reflected market conditions and statistics at the time of the report and do not represent real-time prices; the potential selling by index funds targets the company's stock and does not imply that Strategy has sold its Bitcoin.