Crypto Market Resets After Historic Liquidation Event; Analyst Shifts Outlook

A historic cryptocurrency liquidation event has shaken the market, forcing a reset in trader positioning and shifting focus to upcoming equity market signals. Dr. Profit, a prominent analyst, describes this as a cleansing effect, similar to earlier projections tied to a $90,000 Bitcoin target. Over 1.6 million traders were liquidated across major crypto pairs, wiping out leveraged positions and reshaping the market’s trajectory. This event now paves the way for a more neutral outlook, with Dr. Profit focusing on the potential direction of the market rather than sustained bearish trends. .