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Live markets: Bitcoin rebounds to nearly $60,000. Kospi, Nikkei sink
Key takeaways
- The largest single position was a $38 million bitcoin-dollar bet on Hyperliquid.
- Bitcoin is trading near $59,750 on Friday morning, down 2.8% on the day and back in the $58,000 to $62,000 range it has churned through all week, per CoinDesk data.
- The 24-hour low hit $58,188, uncomfortably close to the levels where another $1.6 billion in leveraged long positions are clustered, per CoinGlass.
About 148,500 traders were wiped out. The largest single position was a $38 million bitcoin-dollar bet on Hyperliquid. Bitcoin led at $489 million in liquidations, ether at $295 million.
Bitcoin is trading near $59,750 on Friday morning, down 2.8% on the day and back in the $58,000 to $62,000 range it has churned through all week, per CoinDesk data.
The 24-hour low hit $58,188, uncomfortably close to the levels where another $1.6 billion in leveraged long positions are clustered, per CoinGlass.
Article preview — originally published by CoinDesk. Full story at the source.
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