The cryptocurrency market is facing a severe downturn, with Bitcoin at the epicenter of a dramatic sell-off. The scale of the decline is drawing comparisons to the volatility seen during the collapse of the FTX exchange. What initially appeared as a market correction has rapidly intensified into a steep drop, fueled by a cascade of liquidated leveraged positions and heightened geopolitical tensions. This has triggered a broad flight from risk assets, placing the entire digital asset sector under significant pressure.
Analysts point to the mass unwinding of leveraged bets as the primary catalyst for the sharp price decline. A chain reaction has been observed: the forced liquidation of numerous Read more…
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