Position liquidations in centralised exchanges rose sharply the last 24hrs as Bitcoin price dropped 6.72% to reach as low as $56,522.
More than 80% of those liquidations were long positions, with Bitcoin accounting for $119 million and Ethereum $66.56 million. This round of liquidations was the largest since April 13 when Bitcoin experienced a 10% drop on fears of escalation in the Middle East.
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