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BTCUSD and ETHUSD Tumble Amid $930M Crypto Derivatives Liquidation Squeeze

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The Story

News Summary

  • The cryptocurrency market faces a severe correction, with Bitcoin and Ethereum dropping over 5% weekly.
  • Intense downward volatility triggered $930 million in derivatives liquidations, primarily hitting bullish long positions and resetting market levels to those seen in early spring.
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BTCUSD price history

77327.06 +14.64% over the displayed period

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