Bitcoin's (BTC) weekend push to nearly $70,000 failed to hold as the asset dipped 2.2% to just over $67,000 early Tuesday, with a drop across all major tokens.
Over $165 million in longs -- or bets on higher prices -- were liquidated across crypto futures tracking major tokens in a sign of a leverage flush. The use of leverage spiked over the weekend in a move that historically precedes market volatility.
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