Bitcoin (BTC) Stays near Two-Month Lows as Markets Face Liquidations
Bitcoin (BTC) has remained near two-month lows as markets grapple with extreme liquidations. The largest cryptocurrency experienced a cascade of liquidations in derivatives markets, resulting in significant losses. While some market participants believe the reaction was exaggerated, others highlight the drying liquidity in the markets in recent weeks. The BTC price has been drifting slowly towards $26,000, causing diverging opinions on its future implications.
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