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$539.99 Million in Long Positions Liquidated

$539.99 Million in Long Positions Liquidated

Over the past 24 hours, the cryptocurrency market has seen a massive wave of long position liquidations. According to analytics platform Coinglass, the volume of liquidations amounted to nearly half a billion dollars.

A sharp drop in asset prices triggered the automatic closure of open longs. This indicates high volatility and risks for leveraged traders.

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