In brief

  • Long positions accounted for 88% of the 24-hour liquidation total as prices fell.

  • Bitcoin and Ethereum have both fallen to their lowest levels since August.

  • Friday’s producer price data could influence bets on the size of a December Fed rate hike.

Read the original story, “Nearly $600 million in crypto longs liquidated as Bitcoin and Ethereum retreat to August lows,” by Kamina Bashir: nl.beincrypto.com

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