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⚠️ Liquidation of 450 million dollars following the fall of Bitcoin
Over the past 24 hours, the fall in the price of Bitcoin has liquidated more than $450 million in digital currency futures. According to data from CoinGlass, Bitcoin traders lost $122 million and Ethereum traders lost nearly $100 million. Smaller cryptocurrencies also recorded $85 million in liquidation. This fall occurred following Iran's missile attack on Israel, which caused a drop in global markets and high-risk assets. Bitcoin hit a low of $60,300 but later bounced back above $61,500. About 86 percent of futures trades were long positions, as traders expected price gains in October, which has historically been a positive month for Bitcoin.
Market conditions in recent weeks, including global monetary policies and US political support, indicated a continuation of the bullish trend, with some traders considering a $70,000 target for Bitcoin. 1 reply
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