CoinVoice recently learned that according to Decrypt, the cryptocurrency market suffered a sharp sell-off on Tuesday night, with the price of Bitcoin falling by more than 5%, resulting in a total liquidation of $526 million within 24 hours. Among them, the liquidation of long positions reached $453 million and the liquidation of short positions was $73 million.
But analysts say that despite the sharp price drops, these are temporary and not a harbinger of a prolonged bear market. In the coming months, Bitcoin is expected to benefit from China's stimulus plan, US employment data, the announcement of FTX's payment to creditors, and the end of the US election season. [Original link]
