Under $89,000 Over $89,000 Over $200 Million Starting Over $200 Million
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Bitcoin's latest price plank was about 200 million dollars in dry longs in one hour. Liquidations occur when traders close positions that are automatically executed in order to help bear the brunt of Bitcoin's high prices.
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Bitcoin rose to $88,900 in the last few hours, when it finished above $200 million in the Quininos market, which came in at over $200,900 and partnered with Costels and Konboktok.
Automatic closing of funds to drive money out of sharp drop traders to exit on bitcoin prices. Automatically post these positions to prevent further losses when prices fall below certain thresholds.
Bitcoin has extended its recent losses to the market, influenced by macroeconomic conditions.
The decline comes after the BBC's 18 percent drop in 18 years. The digital asset fell below $82,100 this week from $92,000 earlier.
