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Crypto liquidations top $628 million in an hour as Binance hack fears sink Bitcoin
Liquidations hit $627.7 million in one hour, with $606.6 million on long positions, according to Coinglass. Bitcoin fell below $79,000 and Ethereum under $2,240 after a $2 billion outflow from Binance hot wallets sparked hack speculation, though Binance has not confirmed any breach.