Bitcoin experienced a sharp decline from $61,000 to $49,000 within 24 hours before rebounding to approximately $52,000 as of press time. The price drop triggered significant market liquidations, with total losses reaching $1.06 billion, according to Coinglass. Long positions were heavily affected, accounting for $902.16 million, while short positions saw $153.18 million in liquidations. Breaking […]
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Bitcoin rebounds off $49k as over $1 billion liquidated in 24 hours