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Significant Liquidation in Bitcoin Indicates Market Turbulence

Crypto Attack 24 reports that in the past 24 hours, approximately $635.02 million in contracts have been liquidated in Bitcoin (BTC), with longs accounting for about $545.78 million and shorts about $89.24 million.
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AI Analysis

The recent liquidation surge, totaling over $635 million, primarily driven by long positions, suggests a notable shift in market sentiment. The liquidation of longs to this extent often indicates trad...

AI Recommendation

Given the substantial liquidation of long positions, a cautious approach is warranted. Traders should watch for confirmation signals such as support hold or reversal patterns before taking new long po...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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