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On April 24th, COINOTAG reported a substantial surge in market activity, showcasing a staggering $10.26 million in liquidations for TRUMP over the past hour, according to data from Coinglass. This figure includes $2.12 million attributed to long liquidations and $8.14 million due to short positions, highlighting the volatile nature of this cryptocurrency. Notably, this liquidation volume surpassed that of Bitcoin (BTC), which recorded a $7.88 million liquidation. As TRUMP emerges as the cryptocurrency with the highest contract liquidation across the network, traders are advised to closely monitor the evolving market dynamics. The heightened liquidation activity may signal potential shifts in sentiment and trading strategies as investors reassess their positions amidst fluctuating market conditions.
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