Crypto market may face further correction after $1.6 billion in liquidations

The crypto market may face another correction rather than continue rising in a straight line, CryptoQuant contributor Darkfost said. He pointed to substantial liquidity (available trading capital) built up below current price levels, which could encourage a lower move as the market absorbs part of it. About $1.6 billion in positions were forcibly liquidated across the crypto market over the past 24 hours, including $866 million in long positions and $797 million in short positions, as volatility widened again.

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Crypto market may face further correction after $1.6 billion in liquidations - CoinPost Terminal