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Bitcoin Finds Opportunity as $1.1B in Long Positions Disappear

By BITCOINIST EDITOR

Bitcoin finds opportunity once again after struggling to gain traction as more than $1 billion in bullish cryptocurrency positions were liquidated within 24 hours, while institutional investors continued pulling money from spot Bitcoin ETFs. The combination of aggressive forced selling and a lack of fresh buying…

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Exchange-traded fund

An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.

ETFs offer low-cost, diversified investing and are a fast-growing way people save.

More about Exchange-traded fund
Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

More about Cryptocurrency

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