Bitcoin fell below $65,000 as a combination of macroeconomic shocks triggered nearly $360 million in long position liquidations.

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MarsBit
02-23
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According to Mars Finance, Bitcoin plunged from $67,600 to around $64,700 on Sunday evening, a drop of over 4% in two hours. Other major cryptocurrencies also declined, with ETH falling 5.77% to $1,861 in 24 hours, XRP down 6.42% to $1.33, and SOL down 8.3% to $77.6. According to CoinGlass heatmap data, approximately $360 million worth of long positions were liquidated within one hour.

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