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Nearly $600 Million in Crypto Long Positions Liquidated as Bitcoin and Ethereum Drop
(3 hours ago) · 1 source · Summarized by CryptoBipto
A sharp decline in Bitcoin and Ethereum prices triggered approximately $600 million in liquidations of long positions across crypto markets. Both assets fell to their lowest levels since August, catching leveraged traders off guard.
WHY IT MATTERS
When people trade crypto, they can use something called leverage, which is like borrowing money to make bigger bets.
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SOURCES
- beincrypto.com
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