Bitcoin Rebounds Above $90,000 After Long Liquidations End
The cryptocurrency gained $75 billion in market value within 10 hours following the halt of leveraged long position liquidations.
BTC
Summary
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Terms & Concepts
- Leveraged Long Position Liquidation: The forced closure of borrowed funds-backed bullish trades, typically triggered when asset prices fall below a certain threshold.
- Market Capitalization: The total value of a cryptocurrency, calculated by multiplying its price by the total number of coins in circulation.