Bitcoin (BTC) Price Drop Leads To Liquidations

Bitcoin's (BTC) price drop led to almost $250 million in bullish bets liquidated thanks to continuous profit-taking ahead of the weekend leading to a market retreat. As a result, BTC dropped from over $70,000 to just over $69,000, with prices reporting a further decline over the weekend. As a result of the drop, bets on BTC-tracked futures reported losses of over $88 million. ETH futures reported liquidations worth $44 million, while Solana (SOL) and Dogecoin (DOGE) futures reported liquidations worth $15 million each. Almost 90% of all bets were bullish, with traders expecting higher prices over the weekend ahead of the US presidential elections

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