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Traders Suffer Nearly $30M in Bitcoin (BTC) Long Liquidations Within 4 Hours

In a 4-hour period, Bitcoin traders experienced $29.22 million in long futures liquidations. This is another significant number of liquidations triggered by similar price action as on June 1.

On the night of June 6-7, the BTC price collapsed and traders lost nearly $30 million due to the liquidation of long positions. The liquidation peak was a short 4-hour period in
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