The recent liquidation wave erased $1.68 billion and affected nearly 390,000 traders. Most losses arose from excessive leverage, particularly in long positions, indicating a possible market reset rather than a bearish trend.
Bitcoin’s market cap fell to $2.23 trillion with a 3.04% decrease. However, this decline, which accounts for about 40% of the total market drop, may create a foundation for recovery, as historical patterns suggest rebounds often follow such sell-offs.
Leave a Reply