10x Research: Crypto Market Faces Largest-Ever Liquidation

ChainCatcher reported that 10 x Research has released a report stating that the cryptocurrency market has just experienced the largest wave of liquidations since 2021, with Ethereum at the core.

Historically, such large-scale liquidations usually indicate a local low point and increase the probability of a rebound. The current negative funding rates also reinforce this view. However, the report cautions that traders should carefully consider position structure, technical signals, and market pricing before “buying the dip.” The report also points out that open interest in Bitcoin and Ethereum futures has surged by tens of billions of dollars, and key support levels are being tested, which may determine the future direction of the market.