🚀Crypto enthusiasts, buckle up! We've got a wild ride on the DeFi rollercoaster! 🎢 Bitcoin and Ether took a nosedive, registering over $380M in losses. The biggest wipeout? An $18.4M ETH trade on Binance. Ouch! 😬

📉Crypto majors plunged up to 20% in 24 hours. Bitcoin fell 8%, Ether dropped 10%, while Dogecoin dived nearly 18%. The culprit? Movements from a Mt. Gox-linked wallet that spooked traders. Result? A market spiral down 10% on average. 🌀

💸This caused over $580M in liquidations tied to longs, one of the largest events this year. Open interest dropped 12%, indicating money was leaving the market.

🔮Trading firm QCP Capital predicts a dim market in the next few months due to uncertainty around the supply from the Mt. Gox release. But hey, we're optimists here! 🌞

💭What do you think? Will the market bounce back or are we in for a crypto winter? Comment below and let's get the conversation started! #DeFi #Web3 #CryptoNews