After news broke that a US court supported Grayscale in its legal battle with the SEC, Bitcoin and other cryptocurrencies surged. According to CoinGlass data, the total value of global liquidations in the past 60 minutes has reached $85 million, with short positions accounting for 90% of that amount. BTC has the largest share, with liquidated assets worth over $40 million.
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In the past hour, the total network liquidation amounted to 85 million US dollars, and short positions accounted for 90%
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