An on-chain whale was liquidated when Bitcoin fell below $100,000, resulting in a liquidation amount totaling $6.67 million. The incident highlights the volatility of cryptocurrency markets. Liquidations occur when traders are unable to meet margin requirements, leading to forced selling of assets. This event underscores the risks associated with high-leverage trading in the cryptocurrency space. Market fluctuations can lead to significant financial consequences for investors, particularly those holding large positions.
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