Bitcoin’s Plunge Shakes Foundations of the Crypto Landscape
Have you felt the tremors yet? Bitcoin’s recent tumble, crashing below $82,000, has sent reverberations throughout a beleaguered cryptocurrency market that struggles to regain its footing. The fallout has been staggering: over $1.92 billion in forced liquidations unfolded in the derivatives market, revealing just how precarious fortunes can be in this turbulent arena. The consequences have rippled through the wallets of more than 391,000 traders, all left to contemplate the harsh realities of a market rife with volatility.
As we sift through the remnants of this chaotic event, it’s critical to understand the underlying causes propelling this alarming decline. Factors such as substantial selling by major players known as “whales”…
