🟠Sellers on Coinbase started selling before the drop: aggressive selling began an hour before the cascade of liquidations, pushing the price to the level of mass liquidations
🟠Signs of an overheated market: indicators such as rising stock fees and open positions showed that the market was overloaded with leverage
🟠Dynamics of Bitcoin and Ethereum after the drop: Bitcoin showed unique dynamics. However, immediately after the crash, there was noticeable strong buying pressure on Ethereum, which may indicate interest from large players
🟠Sharp drop in XRP: a cascade of large sell orders on Coinbase led to a market drop of more than 5%, possibly triggered by a large player liquidating assets
🟠Impact of the order cascade: liquidations on derivative exchanges intensified the market drop, and market makers transmitted signals of pressure to other platforms
🟠Liquidity and price dynamics: despite high market capitalizations, liquidity in the market remains low, which explains the rapid price recoveries, as many players seek to buy at lows
🟠Trading volumes: during the crash, high activity was recorded in USDC, FDUSD, and especially ADA
The market is overheated, liquidations are increasing volatility, and large players continue to look for buying opportunities.
