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Extreme leverage drove $500 million worth of BTC liquidations in one hour By Cointelegraph

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Extreme leverage drove $500 million worth of BTC liquidations in one hour

The markets emphatically rejected the $60,000 price range on March 15, with excessive leverage driving a record $500 million worth of long liquidations over just 60 minutes.

Glassnode’s founders, Jan & Yann, emphasized the new record hourly Bitcoin for liquidations, noting that more than half open futures contracts prior to the margin calls were leveraged by at least 20 times.