On December 10, the crypto market saw a massive shakeout, with $1.75B in altcoin liquidations—the largest since May 2021. 🙀
Derivatives markets also hit a record $12.8B in liquidations, mirroring patterns from the last major bull run. 🤔
Ethereum funding rates plummeted to their lowest since November, signaling reduced leverage and a more stable foundation for price movements.
🔎 Despite the chaos, experts remain optimistic about Bitcoin and Ethereum, pointing to strong ETF inflows as key support, with Bitcoin ETFs seeing a 9-day streak of growth and Ethereum ETFs maintaining momentum for 12 days straight.
The market may be resetting, but the bullish outlook stays strong. 🚀
