$640 Million in Leveraged Positions Wiped Out as Bitcoin Plummets to $85K

thecryptobasic2025-12-01 09:00:55

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$640 Million in Leveraged Positions Wiped Out as Bitcoin Plummets to $85K

The global cryptocurrency market came under sudden pressure on Monday after Bitcoin recorded a steep intraday decline. The downturn triggered a wave of liquidations that erased hundreds of millions in leveraged positions across major exchanges.

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