Bitcoin Plunge Below $57K Triggers Massive $379 Million Liquidation
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Bitcoin (BTC) drops sharply below $57,000, resulting in significant losses for options traders and $379 million in liquidations. Leveraged long positions are heavily impacted, affecting various major altcoins. Binance leads with the largest liquidation volume, followed by OKX and Huobi. The incident highlights recent volatility in the cryptocurrency market.
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