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@ CoinDesk - by layer3.news
2025-02-25 08:40:29
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✍️ Crypto market slump worsened on Tuesday, with traders nursing at least $1.2 billion in losses, driven by liquidations on exchanges such as Bybit, Binance, and OKX.
👉 At least $1.2 billion in losses reported across various exchanges
👉 Bybit led liquidation figures with over $600 million lost
👉 Binance and OKX also reported significant losses
👉 Liquidations occur when a trader's leveraged position is forced to close due to a partial or total loss of initial margin
👉 Risk-off sentiment and investors fleeing to safer assets contributed to the market slump
#Asia #Japan #technology
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