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Fast Take
Bitcoin is down over 3.5% — leading to over $180 million of liquidations prior to now 4 hours in crypto.
Roughly all of the liquidations have occurred from lengthy liquidations — 97.5% prior to now 4 hours.
The perpetual funding price has turned destructive on Binance, whereas the perpetual open curiosity for the BTCUSDT pair on Binance additionally dropped — over 5%.
The publish Bitcoin down 3.5%, as perpetual funding price turns destructive, 180M in liquidations in 4 hours appeared first on CryptoSlate.
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