Crypto Market Bloodbath Warning? Liquidations Piling Up
The cryptocurrency market has entered turbulent waters once again as mounting liquidations signal a looming bloodbath. Within the last 24 hours, over $270 million in positions have been liquidated across the market, including $5.32 million from Bitcoin alone. The broader digital asset ecosystem is feeling the pressure, with Ethereum, Solana, XRP and others facing heavy losses as well.
Bitcoin, currently trading near $85,100, shows concerning signs on the daily chart. The asset continues to struggle below key moving averages, particularly the 200 EMA, which remains a formidable resistance barrier. A failure to reclaim this technical level may result…
