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Bitcoin Drops to $111,546 as $40.56M in Long Positions Liquidated
Bitcoin fell to approximately $111,546 after $40.56 million in long positions were liquidated within 24 hours, data show. The liquidations followed BTC's failure to break resistance near $114,000, triggering a consolidation phase that reduced market leverage. Ethereum led total liquidations at $44.4 million during the same period.