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Bitcoin Falls ¥1 Million After yETH Outflow Sparks Liquidations

According to virtual NISHI, a significant yETH outflow led to large-scale liquidations, sharply reducing Bitcoin's value by approximately ¥1 million.

BTC

Summary

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Terms & Concepts
  • yETH: A yield-bearing Ethereum derivative used in decentralized finance (DeFi) protocols.
  • Liquidation: The forced closure of leveraged trading positions when margin requirements are not met, often resulting in asset sales.