OVER $800M LIQUIDATED IN THE CRYPTO MARKET IN FEW HOURS
The crypto market witnesses a massive fallout for the past few hours, which results tremendous liquidations of up to $800 Millions worth of assets from traders and investors.
Before all the dips started, an anonymous whale was reported to have put asset worth $1billion in SHORT order.
Meanwhile, the exact cause of this sudden plunge remains subject to speculation, experts point to a confluence of factors that could have contributed to the widespread liquidations. Concerns over regulatory developments, market sentiment shifts, and even technical glitches on trading platforms are all potential triggers that may have intensified the sell-off.
On the other hand, so many traders who also placed SHORT orders claim to have benefitted form the market fall.
Which side are you?