Crypto liquidations hit $1.5b

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In the past 24 hours, cryptocurrency liquidations exceeded US$1.5 billion amid a drop in bitcoin’s price, according to Coinglass data.

Data shows approximately 514,400 traders were impacted.

The liquidations included US$1.38 billion from long positions and US$136.7 million from short positions.

Bitcoin liquidations alone accounted for US$163.4 million, while ethereum saw US$204.7 million in liquidations.

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