Bitcoin fell below $80,000 for the second time in roughly ten days, reaching a nine-day low of $79,750. The decline also dragged down major altcoins, including Ethereum, BNB, XRP and Solana, while ZEC and NEAR dropped 7.5% and more than 10%, respectively. According to CoinGlass, daily liquidations surged to $670 million, including $220 million in long positions and $232 million in the latest hours. More than 213,000 market participants were liquidated in one day, with the largest position, worth nearly $12 million, liquidated on Binance.
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