Analyst Says $1.1T Wipeout Signals New Era for Crypto Markets
BTC’s 25% slide from $126,000 to $93,000 is being labeled in some quarters as the formal start of a new bear market.
A 41-day liquidation cascade erased $1.1 trillion from the crypto market, marking one of the most severe structural contractions in its history, according to an analysis by Shanaka Anslem Perera.
The industry observer is framing the wipeout as the end of the high-leverage era and the beginning of a more institution-driven trading environment for the asset class.
The Mechanics of a Market Reset
Perera’s research showed that between October 6 and November 17, digital asset venues shed about $27 billion in value per day, with the expert describing the…
