Bitcoin plummets to $54K seeing $590 million in long liquidations

James Van Straten

Quick Take Bitcoin experienced a sharp decline, dropping to $54,000, down a further 5% in 24 hours, marking a 27% decrease from its all-time high. This downturn has led to significant market turmoil, with approximately $685 million in liquidations over the past 24 hours, including $590 million in long positions, one of the year’s largest […]

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Bitcoin plummets to $54K seeing $590 million in long liquidations