Bitcoin long liquidations
Bitcoin has experienced more than $2.8 billion in long liquidations over the past two days, indicating that deleveraging may be approaching its conclusion. The recent sell-off in Bitcoin has triggered significant liquidations, suggesting a potential shift in market dynamics. Traders who had taken long positions are facing losses, leading to forced liquidations as prices decline. This trend often signals that the market could be stabilizing after a period of volatility. Analysts are closely monitoring these developments to assess the future trajectory of Bitcoin and the broader cryptocurrency market.
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