Bitcoin’s Plunge to $49,000 Triggers $1 Billion in Futures Liquidations
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Bitcoin's recent price drop has had a significant impact on the cryptocurrency market. Over the past 24 hours, Bitcoin's value plummeted from $58,200 to $49,000.
This sharp decline triggered a massive liquidation of $1 billion in futures positions.
The event underscores the volatility inherent in the cryptocurrency market and its potential impact on futures trading.
The news reflects the sensitivity of market participants to such fluctuations and has been widely reported on platforms like COINOTAG NEWS.
Source: en.coinotag.com ↗
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