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Friends, if you woke up and saw your wallets in red, you are not alone. The cryptocurrency market has faced a strong correction today, and most major coins showed significant declines. But why? Here we bring you a breakdown of the key reasons:
Domino effect of liquidations: Many traders were using high leverage, and as soon as prices started to drop, stop-loss orders and forced liquidations were triggered. This created a chain reaction that accelerated the decline. 🤯