$324 Million in Crypto Liquidations as Bitcoin Falls Below $60,000
The cryptocurrency markets have faced a significant downturn, leading to a wave of liquidations worth $324 million. This downturn affected many investors, especially those holding leveraged long positions in major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). According to data from Coinglass, this wave of liquidations is primarily due to Bitcoin losing its footing below the $60,000 mark.
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