🚨 Breaking News from Coinglass! 🚨 In the last 24 hours, | Square-Creator-81f0b8b92 on Binance Square

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🚨 Breaking News from Coinglass! 🚨 
In the last 24 hours, futures transactions saw a massive $678 million in liquidations! 
🔥 A staggering 85% of this ($582 million) were long positions. 🔥
$BTC  #CryptoPCEWatch #BinanceFutures #TradingInsights #CryptoNews #MegaDrop 

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$BTC Up and Down moments, Stay in patience Drop Moments: 2013 - Mt. Gox Collapse: Bitcoin saw a significant drop in 2013 when Mt. Gox, a major cryptocurrency exchange at the time, filed for bankruptcy after losing 850,000 BTC in a hacking incident. 2017 - China's Regulatory Crackdown: In September 2017, Bitcoin experienced a drop following China's announcement of a crackdown on cryptocurrency exchanges and initial coin offerings (ICOs). 2018 - Crypto Winter: Bitcoin's price dropped significantly throughout 2018 as part of a broader cryptocurrency market downturn, characterized by regulatory scrutiny, ICO failures, and reduced investor confidence. 2020 - COVID-19 Pandemic: In March 2020, Bitcoin's price plummeted along with global markets due to the COVID-19 pandemic-induced economic uncertainty and panic selling. Hype Moments: 2013 - Price Surge to $1,000: Bitcoin first surged to $1,000 in late 2013, driven by increased media coverage and growing mainstream interest. 2017 - Bull Run to $20,000: Bitcoin's price soared throughout 2017, reaching an all-time high of nearly $20,000 in December, driven by institutional interest, media hype, and speculation. 2020-2021 - Institutional Adoption: Bitcoin experienced another hype moment as institutions like Tesla, MicroStrategy, and Square publicly announced significant investments in Bitcoin as a store of value and hedge against inflation. 2021 - El Salvador Adoption: Bitcoin gained attention when El Salvador became the first country to adopt Bitcoin as legal tender in September 2021, sparking optimism and media coverage about Bitcoin's potential as a global currency. These moments illustrate Bitcoin's volatility and the various factors influencing its price movements, from regulatory actions and market sentiment to institutional adoption and global events. #Write2Earn! #HistoricGains #BinanceTournament #BinanceTurns7 #SOFR_Spike

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