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According to Parsec, in the past 24h, the lending liquidation volume on the DeFi chain exceeded $310 million, the highest point since early August last year, of which ETH collateral liquidation volume reached $181 million, followed by wBTC at $49.2 million.
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Technical Analysis and Outlook: This week's trading session demonstrated considerable volatility in Bitcoin's price action. The cryptocurrency made multiple attempts to attain our Interim Coin Rally 88400, yet it ultimately remained at the same level as the week commenced. The current analysis suggests that Bitcoin must reach our Mean Support of 82500 before initiating an upward progression aimed at the Interim Coin Rally of 88400 through the Mean Resistance of 87000. Furthermore, a retest of the completed Outer Coin Dip 78700 is essential before the emergence of a significant rally. $BTC

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