$BTC The cryptocurrency market today (13th) has experienced a shocking bloodbath, with long positions being severely liquidated. According to on-chain data tracking platform CoinGlass, over the past 24 hours, the total contract liquidation scale has exceeded 1.1 billion US dollars, marking the most intense leveraged liquidation wave in recent months.

Among them, the largest single liquidation occurred in Binance's BTCUSDT futures contract, where a long position valued at up to 201 million US dollars was forcibly liquidated, a scale not seen so far this year. Since exchanges do not publicly disclose individual account information, it remains unknown whether the position was manipulated by institutions or individual traders.

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