Bitcoin Price Falls Below $76K as Liquidations Hit $342M

TLDR Bitcoin fell below $76,000 after $342 million in leveraged positions were liquidated within 24 hours. Most of the liquidations came from long positions as traders lost $270.3 million during the sudden decline. CryptoQuant linked the Bitcoin price drop to derivatives market pressure rather than spot demand weakness. Open interest rose to $25.1 billion, which [...]

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