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Bitcoin's Price Swings Nearly $1 Trillion in Hours Amid Market Volatility

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BTC
$88,239.80-0.03%
Bitcoin's price action on December 17 saw a surge of over $3,000, reaching nearly $90,000 before retreating to $86,000. A short squeeze triggered $120 million in liquidations, followed by a crash wiping out over $200 million in long positions. Market sentiment shifted rapidly amid high leverage and thin liquidity, exposing structural weaknesses in the crypto market.
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