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⛓️ Crypto🔴 BearishImportance 7/10Actionable

$190 Million In Crypto Longs Caught Off Guard As Bitcoin Retraces Under $66,000

Bitcoinist|Keshav Verma||1 views
🤖AI Summary

Bitcoin's drop below $66,000 triggered $267 million in crypto liquidations over the past day, with $190 million specifically from long positions. This mass liquidation event caught leveraged traders off guard as the market experienced a significant pullback.

Key Takeaways
  • →Bitcoin fell below the $66,000 support level, triggering widespread liquidations.
  • →$267 million in total crypto liquidations occurred over the past 24 hours.
  • →$190 million of the liquidations came from long positions being forced to close.
  • →Leveraged traders betting on price increases were caught off guard by the sudden downturn.
  • →The liquidation data suggests high leverage was present in the market before the drop.
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#bitcoin#liquidations#crypto-market#long-positions#btc-price#leverage#trading#market-pullback
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