After one of the biggest liquidation waves in recent times, triggered by last week’s sharp deleveraging across crypto derivatives, research firm K33 says the market is now moving into a healthier phase. In its latest report, Vetle Lunde, Head of Research at K33, said that while investors should remain patient, the recent reset is actually…
The sell-off began quietly, with Bitcoin hovering around $122,000 late on October 9. Within hours, sudden sell pressure hit major exchanges, triggering a cascade of automatic liquidations on overleveraged futures positions. As long positions started closing, prices fell faster, forcing more liquidations in a classic domino effect. By early October 10, the move had spread…
Bitcoin was trading around $111,925 at press time, down approximately 1.3% over the past 24 hours, as escalating tensions between the U.S. and China dampened investor sentiment and prompted traders to reduce their leverage. Despite the price dip, trading activity has increased. According to CoinGlass, Bitcoin’s 24-hour spot trading volume jumped 35% to $90 billion,…