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Crypto Market Bloodbath: $249 Million Worth of Longs Wiped Out in Mere Hours
The crypto market has experienced a significant bloodbath, with over $249 million worth of long positions being liquidated in just a few hours. This sudden and drastic turn of events has left many investors reeling, wondering what could have triggered such a massive sell-off.
As the dust settles, it appears that several large-scale trading firms may be at least partially responsible for this unprecedented bloodbath. These entities, known for their aggressive market manipulation tactics, had previously been accumulating a significant amount of long positions in various cryptocurrencies.
But why would they do something so drastic?
Source: u.today
