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MRKIMURARA
$BTC REJECTED $87K AGAIN.
It had been repeatedly failing around that area, then sellers finally pushed it through the $85K/$84K support zone. BTC fell to roughly $82.8K, a ~3% intraday hit.
Once BTC lost support, leveraged longs started getting force-closed. Around 124,000 traders were liquidated, with reported 24h liquidations around $714M. One-hour liquidations alone briefly hit about $394M.
Longs took the overwhelming majority of the damage.
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