Raoul Pal: $19B Crypto Liquidation Highlights Liquidity’s Role in Market Cycles

A historic crypto liquidation event of over $19 billion wiped out positions, particularly impacting Bitcoin and Ethereum, marking the largest ever recorded. This significant shakeup was driven by economic uncertainty, notably US-China trade tensions. Macro investor Raoul Pal commented on this volatility, emphasizing its fleeting nature and calling for long-term perspective. He highlighted the potential impact of such events as catalysts for further market cycles fueled by liquidity.