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The collapse of hopes: billion-dollar losses in the cryptocurrency market.
In the past 24 hours, the cryptocurrency market has experienced a severe crash, leading to the liquidation of positions totaling almost 1 billion dollars. Traders who were expecting further growth were faced with harsh reality - their long positions lost 742.2 million dollars, and the total losses amounted to 947.7 million.
Mass liquidation: who suffered the most?
More than 334,000 traders ended up in the red, with Bitcoin and Ethereum holders being the main victims.
Bitcoin traders lost 318 million dollars.
Ethereum traders - 248.2 million dollars.
But what caused such a wave of liquidations?
"whales" and fear of the future
Several factors have simultaneously affected the market:
Large Ethereum holders have withdrawn assets to exchanges, hinting at a sell-off.
Donald Trump has intensified negative sentiment with his statements about a possible recession.
As a result, Bitcoin dropped to $76,600, and Ethereum fell to $1,895 - the lowest in recent months.
What's next?
This crash has become another reminder of the high volatility of the cryptocurrency market. For now, the market is trying to recover, but investors should be prepared for new surprises.