Over $100M in Bitcoin Longs Liquidated as Price Drops Below $61K
The Crypto Market's Rough Terrain: A Deep Dive The landscape of cryptocurrency is notorious for its volatility and the past 24 hours have painted a vivid picture of this in action As we navigate through the twists and turns of the crypto world, a significant downturn has caught the attention of market watchers worldwide The Bear's Grip Tightens The leading digital currency, Bitcoin, experienced a jarring dip below the $61,000 threshold, marking a notable moment in the market's recent behavior This drop led to a staggering $100 million in BTC long positions being liquidated, signaling a rough patch for bullish investors The situation mirrored across the cryptocurrency spectrum, with all digital assets witnessing a combined erosion of wealth amounting to $260 million in derivative trades, as highlighted by the analytics platform CoinGlass...
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