Massive Leverage Triggers Crypto Flash Crash
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Summarize this article with:
Driven by the inflow of institutional capital, the crypto market seemed to stabilize. However, a wave of liquidations on derivative products highlights its fragility. According to Glassnode, these liquidations have nearly tripled, a consequence of excessive leverage.
In brief
- The crypto market is facing an unprecedented wave of liquidations, with forced positions tripling in just a few weeks.
- October 10, dubbed “Early Black…
