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Market update ⚠️‼️ In 24h the liquidation reached $685M. That's the biggest sum since the 13th of April. But what about other liquidations during 2024 and how they affect Bitcoin? • 5th of March $1.17B liquidated. Price dropped from $68.3k to $63.7k(-6.8%) Took 4 days to recover. • 15th of March $639M liquidated. Price dropped from $71.3k to $65.3k in 2 days(-8.5%) Took 15 days to recover. • 19th of March $738.5M liquidated. Price dropped from $67.5k to $61.9k(-8.3%) Took 2 days to recover. • 12th of April $881M liquidated. Price dropped from $70k to $67.1k(-4.2%) Took 39 days to recover • 13th of April $948.5M liquidated. Price dropped from $67.1k to $63.8k(-5%) Took 38 days to recover • 4th of July $479M liquidated. Price dropped from$60.1k to $54.3k (-9.5%) How much time it took for us to recover this time?
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UPDATE: Mt. Gox moving $2.71B BTC In the past 8 hours, Mt. Gox wallets moved 47,229 BTC ($2.71B) from the cold wallet 1HeHL. 2701.8 BTC ($148.4M) was moved out of Mt. Gox wallets with 1544.7 BTC ($84.9M) sent to Bitbank through Gox address 1PKGG, and 1157.1 BTC ($63.6M) sent to unknown counterparty bc1qkjc, likely a listed repayments exchange. The Mt. Gox address 16ArP continues to hold 44,527 BTC. Including the BTC moved to 16ArP, Mt. Gox wallets continue to hold in total 138,985 BTC ($7.52B). These movements are likely to be in connection with the Mt. Gox repayments plan which has just been announced by the Mt. Gox Trustee, Nobuaki Kobayashi. Link to Mt. Gox announcement: mtgox.com/img/pdf/202406…
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BIG BREAKING NEWS 🚨 Traders Are you ready to Big buying point of crypto market 🚀🚀🚀 JUST IN: 🇹🇼 $10 billion Taiwan Mobile applies and gets #Bitcoin and crypto exchange licence 👀
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BIG BREAKING NEWS 🚨: My Gox sells 1.545K Bitcoin 32 minutes ago ($84m) on @BitBank_BTC exchange ☝️platform.arkhamintelligence.com /explorer/tx/a4…#MtGox
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𝗛𝘂𝗴𝗲 𝗗𝘂𝗺𝗽 𝗶𝘀 𝗰𝗼𝗺𝗶𝗻𝗴 ❓ Bitcoin just dumped below $53,500 😱😱 🔻 #Bitcoin experienced total liquidations worth $𝟔𝟔𝟖 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in the last 24 hours. 🔻 This is the second-largest liquidation event in Bitcoin's entire history, right after the #FTX collapse in November 2022. 𝑅𝑒𝑎𝑠𝑜𝑛 👇 🔻 Mt. Gox has started moving $BTC. 🔻 47,229 #BTC has been moved from Mt. Gox wallet.
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