$500 Million In Crypto Longs Gone As Bitcoin Crashes Under $80,000

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Data shows the cryptocurrency derivatives market has witnessed a mass liquidation event as Bitcoin and other digital assets have plunged. Crypto Liquidations Have Exceeded $680 Million In Last 24 Hours According to data from CoinGlass , a large amount of liquidations have occurred on the derivatives platforms during the past day. “ Liquidation ” here refers to the forceful closure that any open contract has to go through after it has amassed losses of a certain degree (the exact value of which m...