According to WhaleInsider, approximately $117 million in cryptocurrency long positions were liquidated over the past 24 hours. The liquidations coincided with a broader decline in prices, with Bitcoin near $80,000 and Ether trading between $2,300 and $2,370. They reflect forced deleveraging amid heightened volatility in crypto derivatives and a shift toward more cautious positioning. CoinGlass data supports the scale of the liquidations, indicating a challenging environment for leveraged long positions.
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