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Bitcoin Liquidating Over $300 Million in Futures Trades.
The recent drop in Bitcoin's price led to massive liquidations of leveraged positions in the futures market, resulting in losses exceeding $330 million in the past 24 hours. Approximately 87% of these liquidations were from bullish positions, according to Coinglass data. The decline in Bitcoin's value, falling below $40,000, triggered a cascade of liquidations, particularly affecting those anticipating a price increase. The total liquidations, both bullish and bearish, have now surpassed $400 million in the last two days.
Source: CriptoNoticias.
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