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Bitcoin liquidations spike as price drops below the $64,000
Bitcoin
long liquidations have spiked to over $27 million in the past day after a price correction saw the largest digital asset by market hover around $63,600.
In the past 24 hours, $33.85 million in bitcoin positions were liquidated, and over $132 million in the wider cryptocurrency market was liquidated in the same period. Of these combined crypto liquidations, the vast majority — around $105 million — were long positions, according to Coinglass data.
