Crypto Bloodbath: Market Plunge Sparks 140% Liquidation Surge

Another day, another crypto rollercoaster—this time with a brutal twist. The market’s sudden nosedive didn’t just rattle traders; it triggered a 140% explosion in liquidations. Here’s the wreckage.

Leverage meets gravity: Over-enthusiastic margin positions got obliterated as prices tanked. Turns out, betting the farm on ‘number go up’ has consequences—who knew?

Domino effect: Cascading liquidations amplified the sell-off, proving once again that crypto markets love nothing more than eating their own. Cue the ‘healthy correction’ tweets from bagholders.

And just like that, another ‘hedge against traditional finance’ moment crumbles—right alongside your portfolio. Maybe next time, Wall Street’s ‘risk management’ won’t sound so boring after all.

Is this crypto market crash the end of the bull run?

Technicals and fundamentals suggest that the crypto bull run has a long way to go. As crypto.news wrote herethe ongoing Bitcoin price action is part of the formation of the handle section of the cup and handle pattern. It is also forming a bullish flag pattern, which could result in a strong breakout and an altcoin market rally.

The other sign that the bull market is not over is Bitcoin’s supply and demand dynamics. Demand continues to rise, with ETFs bringing in over $45 billion in inflows and more companies adding it to their treasuries.

The supply on exchanges has dropped from 3.5 million in 2020 to 1.35 million. Therefore, this supply and demand dynamic suggests the coin will bounce back.