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CEO Bybit said

“I’m afraid the actual total liquidation today is much larger than $2B, my estimate is that it should be at least $8 to $10 billion.” For your information, Bybit’s 24-hour liquidation alone amounted to $2.1 billion, recorded on Coinglass,…

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Exchanges

WBTC on Binance fell by 94% to $5,209

The short-term strait occurred due to low liquidity in the pair WBTC/USDT. Whoever had a purchase order could buy WBTC at a huge discount. And then exchanges WBTC for normal bitcoin

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