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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 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.
A crypto hedge fund manager predicts prolonged "buy the dip" opportunities in the market following a significant drop in prices. Traders are increasingly adopting a short-term profit-taking strategy, with a recent 5.41% decline in total market capitalization. Analysts suggest that if retail traders react with fear, it could lead to a swift recovery in several altcoins.
Pav Hundal
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
crypto market experiences over 1 billion in liquidations amid sudden downturn
13:33 20.12.2024
crypto market faces over 1 billion in liquidations amid unexpected downturn
04:35 20.12.2024
crypto market volatility presents extended buying opportunities for traders
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