The recent downturn in the crypto market has triggered around $1.5 billion in liquidations, putting leveraged traders under significant pressure.
Interestingly, nearly 84% of these liquidations came from traders who were expecting prices to move higher. Binance accounted for almost half of the total liquidations.
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However, the market is showing signs of a recovery. As prices begin to bounce back, traders who were betting on further declines are now facing pressure too.
This situation highlights how quickly market sentiment can change in crypto. Whether the recovery continues or another correction follows remains uncertain.
One thing is clear: volatility is still a major factor in the crypto market.
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