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China Again? — Why The Crypto Market Lost Over $300 Billion In Hours And What To Expect

September 22, 2021
Source: zycrypto.com zycrypto.com
News Snapshot:
Key takeaways: - Crypto-market records over s$1 billion worth of Crypto liquidations in hours. - Liquidated long positions significantly surpass shorts. - Fundamental factors pose serious threat to the market, but the road to recovery is near. The crypto market has been hit with yet another massive liquidation . Within the last 24hrs, a whopping $1.03 billion worth of long and short positions have been liquidated, as reported by the aggregate derivative exchange platform ByBt. When traders are long on a particular asset, they are simply gaining exposure to the cryptocurrency in question, in hopes that prices will surge significantly...
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Tags: bitcoin | blockchain | China | Chinese | crypto | cryptocurrency | currency | Dogecoin | Evergrande | fintech | Hong Kong | IT | journalist | KONG | media intelligence | News Media | platform | profit | real estate | stock | stock market

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