Bitcoin Dips to $93K and Stabilizes at $94K Amid Liquidation Spike 📉
Bitcoin experienced volatility, dipping to $93,000 before rebounding to $94,000. This movement followed a significant sell-off, resulting in a 5.1% drop over 24 hours.
Across the cryptocurrency market, liquidations amounted to $553 million, predominantly affecting long positions, which alone accounted for $415 million.
As of the latest trading activity, Bitcoin's price has stabilized at $94,408, showcasing moderate recovery post its earlier plunge.
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