NEWS : 🔥🔥
Actual Reason Behind Sudden Bitcoin and Crypto Market Crash Revealed.
$BTC , $ETH , $XRP and altcoins saw massive selling and experts says options and key indicators provide early signals.
The crypto market saw a sudden downfall on Tuesday, plunging the global crypto market cap by more than 4% from $2.64 trillion to a low of $2.50 trillion. Bitcoin (BTC) and Ethereum (ETH) prices tumbled 5% within hours, triggering a market-wide sell off
Altcoins including Solana (SOL), BNB, XRP, and Cardano (ADA) also fell, while meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) prices failed to sustain and dropped over 8%. The weak market sentiment continues since the crypto market witnessed the largest-ever options expiry. Analysts believe it is the pre-halving market correction similar to other pre-halving corrections seen historically.
Data shows more than $500 million were liquidated across the crypto market amid this strong correction. Of these, $414 million long positions liquidations were liquidated and $85 million short positions were liquidated in the last 24 hours.
Over 139K traders were liquidated and the largest single liquidation order happened on crypto exchange OKX as someone swapped ETH to USD valued at $7.48 million.
