Bitcoin Plunges Below $102K, $234 Million in Long Positions Liquidated

A sharp sell-off ahead of the U.S. government shutdown vote has sparked heavy liquidations and heightened volatility in crypto markets.

BTC

Summary

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Terms & Concepts
  • Long Position: A trading strategy where an investor buys an asset expecting its price to rise.
  • Liquidation: The forced closure of a trader's position, often occurring when margin requirements are not met.
  • Government Shutdown Vote: A legislative decision in the United States on whether to continue funding federal government operations.