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Market Liquidations Reach $147M with $13M BTC Trade on Bybit

In the past 24 hours, total liquidations hit $147.04 million, including a notable $13 million liquidation on a BTC trade executed via Bybit.

BTC

Summary

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Terms & Concepts
  • BTC: An abbreviation for Bitcoin, the leading cryptocurrency used in digital asset trading.
  • Liquidation: The process where leveraged positions are force-closed, often due to insufficient margin.
  • Bybit: A cryptocurrency derivatives platform known for facilitating leveraged trades.