Cryptocurrency bulls face $440 million liquidation as Bitcoin falls
By: Cointime
Coindesk reported that when Bitcoin fell below $64,000, cryptocurrency bulls faced a liquidation of $440 million. Coinglass data shows that the long bets on Bitcoin alone caused a loss of $100 million, while the cumulative losses from long positions on Ethereum, SOL, and DOGE amounted to $120 million. Binance had the highest liquidation amount at $212 million, followed by OKEx at $170 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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