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Bitcoin (BTCUSD) Tumbles After $600M Liquidations, Volatility Rises Ahead of Powell Speech

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The Story

News Summary

  • Bitcoin slid after a $600M+ derivatives flush and concentrated long liquidations, while gold hit record highs.
  • Powell remarks and large sell-side flows raise short-term volatility; token unlocks and altcoin rotation shifts increase supply risk and trader caution.
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BTCUSD price history

78805.99 +19.62% over the displayed period

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