In a dramatic market shift, more than $200 million in cryptocurrencies were liquidated within a single day, following Bitcoin's plunge to $65,000. Notably, long positions accounted for about $184 million of these liquidations.
The largest liquidation event took place on the OKX exchange, with $47.64 million being wiped out. Binance and Huobi also faced significant liquidations, amounting to $43.84 million and $27.19 million respectively.
Bitcoin's drop to $65,018 has been attributed to ongoing market uncertainties and remarks from the Federal Reserve, which have influenced investor sentiment and market dynamics.
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