$1 Billion in Leveraged Crypto Positions Liquidated as Bitcoin Hits $89,000; $709 Million Liquidated at $81,000

On November 12, 2024, over $1 billion in leveraged cryptocurrency positions were liquidated as Bitcoin reached a record high of $89,000. This follows a previous liquidation of $709 million when Bitcoin surged to $81,000 on November 10. The significant fluctuations in Bitcoin's value have prompted a wave of liquidations in the crypto market, highlighting the volatility and risks associated with leveraged trading in cryptocurrencies.

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