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Long transactions in crypto account for 90% of total liquidity


Bitcoin (BTC) and Ether (ETH) futures traders have claimed the biggest losses in the market as prices have fallen below support levels for the past two days.
Bitcoin slumped below $28,500 on Wednesday and suffered one of its biggest price drops since mid-June. This weakness of Bitcoin has also caused other major cryptocurrencies such as ETH, XRP and SOL to drop by as much as 5 percent.
Futures liquidity of leading tokens by trading volume has exceeded the $160 million mark in the past 24 hours, resulting in over $320 million in losses since the start of the week.
Bitcoin futures, which lost $50 million, were followed by Ether with $22 million and Litecoin (LTC) with $5 million. Bitcoin Cash (BCH), Solana (SOL), and Ripple (XRP) investors lost nearly $4.5 million. #GateioBountyCreator# #NewsMessenger# #GateLive# #contentstar# #MyFancyCreator# #HotTopicDiscussion#
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