Analysis: The cryptocurrency market is experiencing the largest scale altcoin liquidation since the LUNA crash
According to Bravos Research analysis, the current cryptocurrency market is experiencing the largest scale altcoin liquidation since the LUNA crash in May 2022. The market has seen about $10 billion in liquidations, far exceeding the situation after FTX's collapse. Data shows that Bitcoin's dominance continues to rise, indicating no clear signs of an altcoin season in the short term. Analysts believe that retail investor enthusiasm has not fully recovered and a real altcoin season may still be ahead.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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