The recent market plunge has sent shockwaves through the crypto industry, resulting in hundreds of millions in dollars being wiped out in a matter of hours.
The price of Bitcoin has retreated violently to a weekly low of $67,500 after a few days of showing remarkable advances and setting new all-time highs.
The altcoins have experienced a significant decline as well, resulting in nearly 200,000 traders making liquidations during the last 24 hours.
The weekend brought a tremor to the cryptocurrency market, with a sudden price correction causing short-term panic and hundreds of millions in liquidated positions.
However, despite the wobble, analysts are divided on whether this signifies a broader market shift or a mere blip on the bullish radar.
Crypto Long Squeeze Triggers Liquidations
Over a 24-hour period ending Friday, March 15th, the global cryptocurrency market capitalization shed a cool 6%. This triggered a wave of automated liquidations, particularly for investors hol
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