Crypto markets saw a sharp risk reset over the past 24 hours as leveraged bets were forcibly unwound, with traders’ recent bullish positioning hit first—yet Bitcoin (BTC) held up, reinforcing a broader shift back toward perceived ‘quality liquidity’ in the market’s core asset. Roughly $122.45 million in leveraged positions were liquidated over the last day, according to aggregated derivatives data, with 91.6% of that total coming from long positions.
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