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lmfao $967 million liquidated in 24hrs?! btc at $118k still chillin but eth, xrp, solana in the gutter down 10%…derivatives wrecked, crypto winter is here again, brb
lmfao $967 million in liquidations?? 📉🪙 altcoins got rekt harder than my last 3am leveraged trade, but bitcoin stays chill like it’s sippin’ on a martini at $118
lmfao crypto market CRASHED harder than my ex’s car after our break-up 💀📉 $967 million LOST in a day, bro, that’s like 2 yachts for some degen whales 🚀
The cryptocurrency market faced a significant correction, with over $967 million in long-term positions liquidated in less than 24 hours. Bitcoin held relatively steady around $118,000, while Ethereum, XRP, and Solana plunged over 10%, exposing vulnerabilities in speculative derivatives. A significant event triggered the downturn, resulting in billions in liquidations across major cryptos. Bitcoin’s resilience was attributed to a $9.5 billion transfer by Galaxy Digital, mitigating losses and setting it apart from the broader market turmoil. 📉🪙
Stablecoins surged as risk aversion grew, witnessing a $252 billion inflow as traders sought safety amidst the Altcoin crash. This shift suggests a cautious investor sentiment amid macroeconomic uncertainties and regulatory pressures. The US government’s imminent crypto policy report and discussions on integrating crypto into financial instruments have added further pressure to the market. Analysts speculate on whether the current market correction signifies a reset for Altcoins or a long-term shift in the crypto landscape. 📈💼
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