In the past 24 hours, the cryptocurrency market experienced a notable rebound, resulting in the liquidation of over $370 million in short positions. This surge follows a period of significant downward pressure, where earlier liquidations on September 2 amounted to approximately $369.67 million, predominantly affecting long positions. Key assets involved in this reversal include Bitcoin, Ether, Solana, and XRP. The forced closures of these leveraged positions highlight a sudden shift in market dynamics.
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