Cryptans lost $1.75 billion in a day, but what happened?
➖ The market was extremely overheated and leveraged, and the liquidity of coins on exchanges is quite low, which caused small sales to trigger a cascade of liquidations, and then panic set in among retail investors.
➖ The first to sell started on Coinbase, an hour before the dump, they aggressively pushed the price down there.
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🩸 Largest liquidations since 2021
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BTC
1,00,190.45
-0.88%
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