Bitcoin long liquidations hit almost $40 million in the past 24 hours as the price dropped to a weekly low of just above the $64,000 mark.

According to Coinglass data, there were over $39 million in bitcoin long liquidations in the past 24 hours out of a total of $45 million in liquidated BTC positions. In the wider cryptocurrency market, there were over $212 million in liquidations over the past 24 hours. Of these liquidations, the vast majority — around $178 million — were long positions.

Bitcoin is holding precariously above the $64,000 mark, falling by over 3.6% in the past 24 hours, and was trading at $64,033 at 5:35 a.m. ET, according to The Block’s Price Page. Data from The Block shows ether posting a drop of 3.5% to $3,137 in the same period.