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by: xpoolPosted on: February 26, 2025

WBTC Liquidation Occurs as Bitcoin Price Drops

A significant liquidation event involving Wrapped Bitcoin (WBTC) occurred on the blockchain security firm PeckShield’s platform. The address 0x588f experienced a loss of approximately $1.58 million in value, after Bitcoin’s price dropped to around $86,000. This liquidation marked a notable event amidst the volatile market dynamics.

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  3. Bitcoin Support Under Pressure: Analysts Predict Sharp Drop Below $80K
  4. ETH Price Plummets: Large Vaults Near Liquidation Triggering Market Volatility
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