Bitcoin, Ethereum, XRP, and Solana undergo gradual recovery after $16 billion liquidation incident

The crypto market confronted its largest liquidation event, with $16 billion in leveraged positions liquidated. This included major cryptocurrencies like BTC, ETH, XRP, and SOL, leading to significant declines in altcoin prices.

Recovery post-crash is expected to be gradual. Zaheer Ebtikar’s insights emphasize the phases of market stabilization and the patience required from bullish investors, especially in light of ongoing external risks.

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