BTC sell-off accompanied by $650 million in crypto liquidations

A sharp movement in the crypto futures market appears to have been a reason for the swiftness of today’s price declines. The timing of the long liquidations coincided with the sharp drop in crypto prices Total crypto liquidations came in at $651 million in the last 24 hours, with $515 million being long liquidations. Long leverage Bitcoin liquidations quickly spiked $8 million in a span of one hour on March 19 and now
stand at $141 million for the last 24 hours, with the tally still going on.

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