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In the past 24 hours, the cryptocurrency market witnessed a wave of liquidations worth $1.52 billion, driven by the sudden drop in the price of Bitcoin. According to data from Coinglass, the majority of this amount was related to long positions. Bitcoin hit a daily low of $94,129 and then recovered to around $97,000. Ethereum also suffered $134.50 million in liquidation, falling to $3,510. Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Cardano (ADA) also saw significant price declines. Binance accounted for the largest share of liquidations with $417.65 million. Despite these sharp fluctuations, the crypto fear-greed index remains in the extreme greed zone. 14 replies
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