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Crypto Liquidations Top $500M After Sharp Price Correction
- Top cryptocurrencies have experienced significant dips in the past 24 hours, leading to liquidations worth $505 million.
- Short traders have collectively lost $72 million, while long traders are down $433 million.
- Bitcoin and Ethereum account for over 70% of the liquidations.
- Investors withdrew funds from crypto spot ETFs, with Ethereum and Bitcoin spot ETFs losing $243 million to net outflows.
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