A total of $379.9 million in liquidations occurred due to Bitcoin’s failed rally on November 9-10. Bitcoin retraced to $104.7K, leading to liquidations of $81.43 million in Bitcoin, $71.94 million in Ethereum, and $31.24 million in ZCash.
Bitcoin’s price has been tightly contained, creating conditions for potential volatility without clear direction. Traders are urged to be cautious when navigating the current market scenario.
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