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As Bitcoin Eyes $57K, Crypto Shorts Saw Liquidation Worth $270M In A Single Day — Analyst Warns $1B Bear Positions Face Liquidation If King Crypto Hits This Level

The cryptocurrency market started the week off with massive liquidations for investors who bet against its rise. What Happened: Coinglass, an on-chain data analysis tool reported that traders faced $364 million in liquidations on platforms such as Binance, Bybit, OKX, and Huobi. Sentiment Result : Negative

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As Bitcoin Eyes $57K, Crypto Shorts Saw Liquidation Worth $270M In A Single Day — Analyst Warns $1B Bear Positions Face Liquidation If King Crypto Hits This Level

The cryptocurrency market started the week off with massive liquidations for investors who bet against its rise. What Happened: Coinglass, an on-chain data analysis tool reported that traders faced $364 million in liquidations on platforms such as Binance, Bybit, OKX, and Huobi.


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This article is for informational purposes only and does not constitute financial advice.