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The crypto market lost more than $120 billion in the last 24 hours after Bitcoin dropped nearly 10%. The world’s largest cryptocurrency jumped above $61,000 on Sunday, March 14. The recent volatility in the crypto market has caused the liquidation of billions of dollars worth of long cryptocurrency positions.
According to the latest data published by crypto analytics firm Bybt.com, nearly $2 billion worth of long Bitcoin positions got liquidated in the last 24 hours. The overall liquidation number for long crypto positions stands at around $2.52 billion.
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