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crypto market experiences over 1 billion in liquidations amid sudden downturn
The crypto market experienced over $1 billion in liquidations on December 19, primarily affecting long positions, as Bitcoin's price fell 3.36% to $97,350, dropping below the $100,000 mark. Analysts noted this volatility as a reaction to sudden negative momentum after a bullish period, with some suggesting potential buying opportunities amid expected policy changes with the upcoming administration.
crypto market faces over 1 billion in liquidations amid unexpected downturn
Crypto liquidations exceeded $1 billion in 24 hours, primarily affecting long positions, as traders were unprepared for negative market shifts after a bullish month. Analysts suggest this downturn may be temporary, with expectations for a potential "Santa rally" and increased volatility as the market anticipates the incoming Trump administration's impact on crypto policy.
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