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Crypto long liquidations hit $1.26B as Bitcoin price retreats
Long position liquidations accounted for $1.26 billion of the $1.4 billion total market wipeout as Bitcoin fell to $67,500.
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Bitcoin fell 6.64% to $68,850.76 on November 13, its lowest level in nearly three months, after dropping below $70,000. Crypto market liquidations reached approximately $622 million following the sharp decline. US spot Bitcoin ETFs recorded $1.44 billion in outflows over five consecutive trading sessions. The decline was attributed to institutional selling, AI-sector valuations, and concerns about tighter US monetary policy.
Long position liquidations accounted for $1.26 billion of the $1.4 billion total market wipeout as Bitcoin fell to $67,500.
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