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Large Bitcoin liquidations mean one man’s pain is another man’s pleasure — Time to buy the dip? -Breaking

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Large Bitcoin liquidations mean one man’s pain is another man’s pleasure — Time to buy the dip?

(BTCThe $24,000 support was not restored by. Many more users Believe Celsius has mismanaged its moneyFollowing the fall of the Anchor Protocol, (LUNA; now LUNC), ecosystem Rumours of insolvencyContinue to circulate.

On June 14, a larger issue was created after the crypto venture capital company Three Arrows Capital (3AC), reportedly Trading resulted in a $31.4 Million lossBitfinex. 3AC, a well-known Terra investor, experienced a 100% crash late May.

Bitfinex margin Bitcoin/USD shorts/longs ratio. TradingView
Exchanges’ top traders Bitcoin long-to-short ratio. Source: Coinglass