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Bitcoin experienced a sharp $4,000 pullback within just 6 hours, triggering a cascade of liquidations across leveraged positions. The selling pressure intensified right after BTC reclaimed the $90,000 level, resulting in approximately $100 million in long liquidations hitting the market. The rapid unwinding highlights the elevated risk exposure in leveraged trading during volatile price movements and serves as a reminder of the importance of risk management when trading with borrowed capital.