Crypto derivatives liquidations reached nearly $113 million in a 24-hour period, reflecting heightened market stress and significant leverage-driven activity. The probability of bitcoin reaching $67,500 in July has decreased from 46% a week ago to 34.5% currently. Prospects for an $82,500 target remain low, with market movements driven more by leverage than by spot-price fluctuations. This environment of volatility and increased caution among market participants is expected to persist in the coming weeks.
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