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Crypto

$15B Bitcoin Liquidation Wave Signals Market Shift

Guavy AI Editorial Team
Instruments
BTC ETH SOL XRP
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The past 24 hours have seen a significant shift in the crypto market, with Bitcoin experiencing $15.44 billion in liquidations due to leveraged long positions unwinding.

This event indicates a broader deleveraging across the market, rather than simply a price drop, as Ethereum, XRP, and Solana also saw substantial liquidations.

The spot prices of these assets only modestly dipped, suggesting that forced closures dominated selling pressure.

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