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Steve Burns, founder at New Trader University, reports that over $1.8 billion worth of levered cryptocurrency positions have been liquidated during the past 24 hours according to tracking tools.
These large-scale liquidations highlight ongoing volatility within the crypto markets.
Burns has previously examined opportunities driven by technology trends. In a recent article, he reported that energy stocks could see higher earnings from increased AI data center demand. He also noted the expansion of TradesViz, which now offers advanced trading tools and AI integration.