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Bitcoin Drops Below $90,000 as $250 Million in Leveraged Longs Liquidated

Over $250 million in leveraged long positions were liquidated within four hours as Bitcoin fell more than 5%.

BTC

Summary

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Terms & Concepts
  • Leveraged Long: A trading position using borrowed funds to bet on an asset's price increase, amplifying both potential gains and losses.
  • Liquidation: The forced closure of a leveraged trading position when losses exceed a threshold, often triggered by margin requirements.