BTC liquidations top $600 million

The market is reeling from a significant downturn, with Bitcoin plunging to $55,000 and triggering over $600 million in liquidations, mostly affecting long positions. This sharp decline is exacerbated by investor uncertainty and a major transfer from the Mt. Gox bankruptcy estate that recently confirmed having begun BTC and BCH repayments.

https://www.coinfeeds.io/daily/bitcoin-plummets-to-55-000-sparking-market-turmoil