The longs got liquidated quite badly in this wave, while the spot holders are calm instead.

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CoinNetwork
CoinJie News: Today, the Bitcoin price has plunged to a 21-month low, with about $1 billion worth of Bitcoin liquidated. The current price is approximately $58,000, the lowest level since September 2024. In the past 24 hours, the total amount of cryptocurrency liquidations exceeded $1.09 billion, with long positions suffering the largest losses, reaching $778 million.
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