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Major Bitcoin Liquidation Hits $61.5M Amid Price Drop
A single $61.5 million long BTC position was liquidated in the past 24 hours marking the largest single liquidation during this period. The event occurred as Bitcoin fell from $68,600 to $64,300, triggering a broader wave of leveraged position closures.
In total, crypto liquidations reached approximately $468 million, highlighting the risks of high leverage during sudden market moves. Analysts note that while liquidations can accelerate short-term price swings, they also reflect natural market corrections and risk management in derivatives trading.
This incident underscores the importance of position sizing and risk control in volatile markets, as even single large positions can have cascading effects across exchanges.
#BTC $BTC
{spot}(BTCUSDT)
A single $61.5 million long BTC position was liquidated in the past 24 hours marking the largest single liquidation during this period. The event occurred as Bitcoin fell from $68,600 to $64,300, triggering a broader wave of leveraged position closures.
In total, crypto liquidations reached approximately $468 million, highlighting the risks of high leverage during sudden market moves. Analysts note that while liquidations can accelerate short-term price swings, they also reflect natural market corrections and risk management in derivatives trading.
This incident underscores the importance of position sizing and risk control in volatile markets, as even single large positions can have cascading effects across exchanges.
#BTC $BTC
{spot}(BTCUSDT)
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