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Bitcoin bounced to around $60,000 after a 24-hour crypto liquidation event wiped out over $1 billion in positions, with longs accounting for $842 million. About 148,500 traders were liquidated. Bitcoin is down 2.8% on the day near $59,750, while South Korea's Kospi and Japan's Nikkei sank.
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Summary by ByteBrief
Bitcoin dips to $59K, $1B liquidated as AI stocks rally