Crypto Market Correction Reveals Fragile System Fueled by Leverage

A sharp correction shook the cryptocurrency market, exposing underlying vulnerabilities fueled by excessive leverage. In a matter of 24 hours, over $500 million in long positions were liquidated, dragging down Bitcoin, Ethereum, and XRP. This brutal sell-off revealed the precarious nature of a market reliant on borrowed funds where technical indicators have resurfaced after being overshadowed by speculative optimism.