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Crypto liquidations hit 1 billion USD over 24 hours as Bitcoin plummets

In the last 24 hours, cryptocurrency market liquidations exceeded 1 billion USD due to Bitcoin falling under 100,000 USD. Around 921 million USD was liquidated from long positions, while short positions accounted for 260 million USD.

Ethereum saw 207.5 million USD in long liquidations, highlighting shift in investor sentiment. Other altcoins, including XRP and Dogecoin, reported significant drops, as traders reacted to market volatility.

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