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Blockonomi
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Why Is the Crypto Market Down Today?
- $656M in crypto liquidations hit markets, with long positions taking the biggest losses
- Bitcoin options expiry worth $11.5B added volatility and triggered major sell pressure
- U.S.-China trade tensions reignited investor caution and risk-off behavior in crypto
- Bitcoin breached key 50- and 200-day MAs, signaling short-term bearish technical momentum
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