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Liquidations of $1.1 Billion Crash the Crypto Market

Liquidations of $1.1 Billion Crash the Crypto Market

The beginning of June turned out to be painful for the crypto market. Bitcoin fell to nearly $63,000, and the volume of liquidations in 24 hours exceeded $1.1 billion.

Mass position closures, capital outflows from ETFs, and worsening investor sentiment once again made the market talk about a possible further decline in BTC.

 

Bitcoin (BTC) price dynamics. Source: CoinMarketCap.

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