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Crypto Market Sees 580,000 Liquidations in 24 Hours! ‘Big Short’ Warns Bitcoin May Replay 2022 Crash Scenario

Crypto Market Sees 580,000 Liquidations in 24 Hours! ‘Big Short’ Warns Bitcoin May Replay 2022 Crash Scenario

â‘  Michael Burry, known as the “Big Short,” recently issued a stern warning, stating that Bitcoin could repeat the crash pattern seen from 2021 to 2022; â‘¡ This implies that the price of Bitcoin might further drop to $50,000 or even lower; â‘¢ Data from CoinGlass shows that in the past 24 hours, there were 579,506 forced liquidations in the cryptocurrency market, with a total liquidation amount of $2.603 billion.

Cailian Press reported on February 6 (edited by Bian Chun) that amid a relentless downturn in the cryptocurrency market led by Bitcoin, renowned short-seller Michael Burry, often referred to as the “Big Short,” recently issued a stern warning, stating that Bitcoin could repeat the crash pattern seen from 2021 to 2022. This…

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