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On the eve of the FOMC meeting, the cryptocurrency market suffered from $194 million liquidation imbalance

Source: CoinWorld
As the Federal Open Market Committee (FOMC) meeting approaches, the cryptocurrency market faces liquidation of $194.68 million in 24 hours, including $142.15 million in long positions and $52.52 million in short positions. Despite the market calling for further rate cuts, analysts warn that the market could decline due to expectations that the Fed could cut interest rates by 25 basis points.
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