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Bitcoin’s Massive Plunge Toward $61K Leaves Over $1.6B in Liquidations

What happened

Bitcoin’s price decline from earlier this week was not a one-time thing, as the asset’s troubles intensified in the past 12 hours or so with another fresh nosedive to a multi-month low. BTC dragged most alts with it, liquidating more than 270,000 over-leveraged traders in the.

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