Bitcoin faced significant liquidation imbalances, totaling $465.5 million, with most losses due to over-leveraged long positions. The broader crypto market was affected by U.S.-China tensions and tariff policies, triggering a correction that wiped out considerable positions.
In just 24 hours, Bitcoin liquidations surged, with $26.1 million closed in an hour alone. The largest single liquidation on Bybit reflected the market’s high volatility, amid traders bracing for potential economic downturns.
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