A sudden drop of 5.44% occurred in the price of Bitcoin on April 19, within just two hours, falling below the important $60,000 mark. This drop was quickly recovered, as the geopolitical tensions between Israel and Iran played a role in Bitcoin's price movement. Bitcoin's value briefly hit $59,698 before bouncing back up to $61,352.

Recent reports suggest that if the price were to dip further to $59,000, it could lead to the liquidation of approximately $243 million worth of long positions. Data from CoinGlass indicates that over the past four hours, a significant $34.03 million in Bitcoin long positions have already been liquidated.

For further insights on Bitcoin's performance, you can refer to the article "Bitcoin’s 800% Surge Since Last Halving Outshines Gold, Anthony Pompliano."