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Binance Sees Nearly $800 Million in Liquidations During Bitcoin Price Drop
(3 hours ago) · 1 source · Summarized by CryptoBipto
Binance, the largest cryptocurrency exchange by trading volume, experienced close to $800 million in liquidations as Bitcoin's price declined sharply. The liquidations affected leveraged traders who were unable to maintain their positions as prices moved against them.
WHY IT MATTERS
In crypto trading, some people borrow money to make bigger bets on price movements — this is called using "leverage."
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SOURCES
- thedefiant.io
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