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In the past 24 hours, nearly $1.7 billion in liquidations swept through the cryptocurrency market, with the total market capitalization declining by 6%.
Bitcoin (BTC) alone accounted for nearly half of the total liquidations, with traders betting on further upside taking the biggest losses during the latest wipeout.
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Massive Liquidations Impact Leveraged Crypto Traders
Data from CoinGlass shows a sharp wave of liquidations across the cryptocurrency market over the past 24 hours as…
