On Feb. 24, 2023, bitcoin's price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1.On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark.This decline resulted in a significant $237.97 million worth of long liquidations on a variety of crypto derivative exchanges.
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