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Over $60M in Crypto Liquidations in One Hour, Short Positions Hit Hardest

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Value investing in crypto faces turbulence as over $61.77 million in liquidations hit the market in one hour. Short positions dominated, with $57.15 million wiped out, compared to $4.62 million in long liquidations. Ethereum and Bitcoin led the losses, with $27 million and $26.26 million in TA for crypto traders. The rapid move highlights the need for careful position management in volatile conditions.
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