Crypto Liquidations Top $1B as Altcoins Face Sharp Correction
Key Notes
- Total crypto market cap dropped 5% to $3.78 trillion, and nearly $1 billion in liquidations occurred, mainly affecting short-term altcoin traders.
- While Bitcoin and Ethereum surged during Asian sessions, both the U.S.
- and Europe saw net selling, indicating profit-taking behavior.
- Experts, including Michael van de Poppe, view the current pullback as a healthy phase of profit-taking within a larger uptrend.
Cryptocurrency market liquidations in the last 24 hours have soared closer to $1 billion, led by a sharp altcoin correction, while Bitcoin
BTC
$119 410
24h volatility:
1.1%
…
