While Bitcoin and Ethereum are right, $340 million in long positions have been liquidated: Peter Schiff says King Crypto 'suffers a bigger defeat than the Eagles'

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THE cryptocurrency walk has witnessed THE liquidation of on $340 million aspire In THE last 24 hours.

What Arrived: Leading THE pack In THE liquidation party, Bitcoin BTC/USD long positions suffered A $94 million annihilate, closely follow up by Ethereum ETH/USD $80 million aspire liquidation.

Data Since Change machine watch on 113,594 traders feeling THE pinch of walk forces. THE Single most notable incident occurred on THE OKX platform, Or A Bitcoin to USDT perpetual to exchange position confronted A fast exit, Rising has $8.23 million In value, marking THE the biggest individual liquidation.

OKX witnessed A massive $164.62 million In liquidations, of which $151.15 million were In long positions.

Binance was not far behind with generally liquidations reach $118.33 million, Or long positions accounted for For $96.53 million And short positions session has $21.81 million. THE percentage of aspire stood has 81.57%.

See Learn more: Dogecoin HODLER Are Beat Shiba Inu With 57% Landing In Profits, In the block Data Reveal

For what He Imported: On chain analyst Willie Courting signage A possible correction In Bitcoin walk price, potentially drawing down has A level of $39,700.

Rock Schiff chimed In with A analogy has THE sports world, compare Bitcoin sharp decline has THE disappointing performance of THE NFL Philadelphia Eagles.

Price Action: HAS THE time of in writing, Bitcoin was trade has $42,195, down 3.62% In THE last 24 hours, according to has Benzinga Pro.

Photo by DUSAN ZIDAR on Shutterstock

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