🚨WHITE NIGHT FOR BITCOIN: MORE THAN $300 MILLION LIQUIDATED ON THE CRYPTO MARKET

✅Correction initiated? By continuing to rise, the crypto market always ends up losing steam. A recurring dynamic causing significant losses following the triggering of cascading liquidations. Because buyers – often latecomers – in long positions are bearing the brunt of this type of trend break. And the latest 7% drop recorded by Bitcoin will be no exception. Result: more than $300 million liquidated in a few hours on the cryptocurrency market.

🚨CRYPTO MARKET: MORE THAN 316 MILLION DOLLARS IN LIQUIDATIONS IN 24 HOURS

✅Waking up at the start of the week was difficult for the cryptocurrency market. Indeed, barely had Monday December 11 begun when Bitcoin saw a violent decline of -7% in the space of a few hours. With the price suddenly – but for the moment stealthily – projected towards the $40,500 level.

✅A situation for the moment stabilized above $42,000. But the shock will still have led to a cascade of liquidation estimated at nearly $100 million just for long positions held on BTC.

✅Then add to this approximately $75 million for Ethereum. With a total, all cryptocurrencies combined, of more than $316 million over the last 24 hours. And a record held by the OKX platform, with more than $168 million alone ($125.5 million for Binance).

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