In just 24 hours, Bitcoin faced 81.94 million USD in liquidations, predominantly from long positions (73.55 million USD). Ethereum, Solana, and XRP also saw liquidations, reflecting a larger trend of significant trader losses.
Despite the substantial liquidations, price drops for Bitcoin and notable cryptocurrencies remained modest, highlighting the importance of market positioning. This imbalance indicates a bullish market that may have led to substantial losses for long investors.
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