$18.7B Liquidations Shake Crypto Traders: Understanding the Impact
The crypto market just went through one hell of a ride, huh? We’re talking $18.7 billion in long liquidations over a week. Yeah, you read that right. Traders are now left picking up the pieces as the market flips from bullish to bearish. Let’s break down what’s going on, starting with the market’s sudden volatility.
What’s Causing the Market Madness?
It seems like a perfect storm of macroeconomic factors, potential market manipulation, and low liquidity has led to this spike in liquidations.
The Macroeconomic Hit
First up, macroeconomic pressures. Global interest rates are rising and geopolitical tensions aren’t doing us any favors. These factors are making riskier assets like crypto less appealing. As central banks tighten their…
