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Bitcoin Falls Below 50-Week Moving Average as Crypto Liquidations Exceed $1 Billion
(3 hours ago) · 1 source · Summarized by CryptoBipto
Bitcoin dropped below its 50-week moving average, a technical level watched by traders. Over $1 billion in long positions across the crypto market were liquidated within a 24-hour period as prices declined sharply.
WHY IT MATTERS
When you borrow money to make a bigger bet on crypto prices going up, that is called a leveraged long position.
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SOURCES
- theblock.co
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