Crypto Market Loses Billions as Leveraged Trades Trigger Major Sell-Off

This past weekend, a significant drop shook the cryptocurrency market, exposing the vulnerability of leveraged trading. Over $19 billion in speculative positions were liquidated during this sell-off, marking nearly ten times higher than the 2022 FTX crash, according to experts. Bitcoin’s price action defied expectation by experiencing increased trading volume only during periods of relative stability, suggesting a potential distinction between market correction and panic selling.