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Bitcoin bullish bets flash red as $85.9 million in long positions liquidated

Bitcoin is trading below $81,993, the average entry price for the largest cluster of net long positions, raising pressure on investors betting on gains. Data showed 64 percent of net long notional was entered above the spot price. In the past 24 hours, broader crypto liquidations totalled $481.25 million, including $346.15 million in long liquidations. Bitcoin liquidations were $95.06 million, with $85.9 million in longs.