Shocking $1 Billion in Crypto Liquidated on Market Following Massive Correction

has been in turmoil, with a staggering $1 billion in liquidations occurring in the past 24 hours. Even more alarming is the fact that 90% of these liquidations took place within the last 12 hours, indicating a rapid and severe market downturn. This event marks the most significant two-sided liquidation in at least the past four months, and possibly evenBitcoin , the flagship cryptocurrency, has not been spared from the market's wrath.

has experienced significant volatility, reflecting the broader market's instability. The sudden and sharp decline in Bitcoin's price can be attributed to the massive liquidations, as traders and investors scramble to exit their positions.The sheer magnitude of these liquidations is reminiscent of the extreme market volatility seen during the early days of the cryptocurrency industry.

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