🚨 A very rough weekend for the crypto market
In just the last 24 hours, the cryptocurrency market lost around $230 billion in market value, while liquidations exceeded $2 billion.
In the last 4 hours alone, liquidations exceeded $900 million.
Bitcoin #BTC fell below $63,500, Ethereum $ETH below $1,750, $BNB below $600, $XRP below $0.90, and $SOL below $70.
Since October 6, around $800 billion has vanished from the cryptocurrency market’s value.
The market is under immense pressure, liquidity is declining rapidly, and it seems to need a strong catalyst to restore buyers’ confidence.
Without one, liquidity won’t dare to flow in.
But amid all this fear, I’m also watching for opportunities. After these huge losses, the next move could be violent in either direction.
In just the last 24 hours, the cryptocurrency market lost around $230 billion in market value, while liquidations exceeded $2 billion.
In the last 4 hours alone, liquidations exceeded $900 million.
Bitcoin #BTC fell below $63,500, Ethereum $ETH below $1,750, $BNB below $600, $XRP below $0.90, and $SOL below $70.
Since October 6, around $800 billion has vanished from the cryptocurrency market’s value.
The market is under immense pressure, liquidity is declining rapidly, and it seems to need a strong catalyst to restore buyers’ confidence.
Without one, liquidity won’t dare to flow in.
But amid all this fear, I’m also watching for opportunities. After these huge losses, the next move could be violent in either direction.
