📢Major Sell-Off: 🔥 Bitcoin and Ethereum Plunge During Asian Trading Hours
On July 7th, 10x Research reported via BlockBeats that $BTC and $ETH have experienced significant declines in the past month. Bitcoin has dropped by 20%, with 13% of this decrease occurring during Asian trading hours. Ethereum has seen a 22% decline, with 16% of the drop happening during the same period, accounting for 65% of its overall decline.
This substantial drop during Asian trading hours suggests a trend of liquidation among retail traders in the region, which could impact the global performance of these cryptocurrencies.
The report by 10x Research highlights the volatility of the cryptocurrency market and the influence of regional trading hours on digital assets. It also underscores the potential risks for retail traders in Asia, who appear to be significantly affected by these declines.
