#MarketPullback

Market Decline

In less than 12 hours, losses of more than half a billion dollars occurred. The market was exposed to a strong shock after the liquidation of long positions of more than 500 million dollars. These huge losses revealed how sensitive the market is to sudden changes, especially with the decline of Bitcoin and alternative currencies. Experts from Europe, Asia and America tried to explain what happened and its impact on the future of the market.

What happened?

The price of Bitcoin fell suddenly, and this made many people lose large amounts of money that they had invested in long positions. Platforms such as Binance and Bybit witnessed huge liquidations, and the largest operation was on Binance worth 13.4 million dollars. Other currencies such as XRP and Dogecoin also fell by more than 5%, which increased the pressure on the entire market.

Experts' opinions

Marcus Stein, a financial expert from Germany: "Cryptocurrencies have become more of a speculative tool than a safe investment. With the increase in interest and economic crises in Europe, people are looking for less risky investments such as bonds or gold."

From France, Claire Dubois believes that what happened was normal with many traders relying on high leverage. The European market is currently under pressure, which makes cryptocurrencies an unattractive option."

"Lei Wang," a Chinese economic analyst: "The Asian market drives a large part of cryptocurrencies, and most of the liquidation occurred on Asian platforms such as Binance and OKX.