$1 Trillion Vanishes from Crypto Market in Six Weeks: What’s Behind It?
TLDR
- The crypto market has lost over $1 trillion in just six weeks due to high leverage and large institutional withdrawals.
- Bitcoin has dropped 25% in the past month, reflecting a disconnect between market sentiment and price performance.
- Ethereum has fallen 35% since October 6, despite other risk assets rallying during the same period.
- Forced liquidations reached $19.2 billion on October 10, contributing to continued market volatility.
- Analysts believe the crypto market is undergoing a structural reset as leveraged positions are flushed out.
The global crypto market has lost more than $1 trillion in just six weeks, one of the sharpest downturns since October. Despite the absence of major negative news, analysts point to…
