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Bitcoin (BTCUSD) Tumbles Below 89,600 Triggering $132M Liquidations Amid Bullish Long Squeeze

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The Story

News Summary

  • Bitcoin faced over $132 million in liquidations amid a sharp price drop below $89,600, driven by a large unwind of bullish leveraged positions in the crypto derivatives market.
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BTCUSD price history

77009.52 +14.95% over the displayed period

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