đBitcoin's drop below $42,000 resulted in traders losing $344 million,
with over 100,000 positions liquidated in the past 24 hours.
The majority of forced closures affected BTC and ETH positions, contributing to a significant market downturn.
Notably, more than 90% of liquidations occurred on OKX, Bybit, Huobi, and Binance, with Bybit executing the largest order, closing a $4.6 million BTCUSDT long position.
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