📊 How is Bitcoin & Ethereum liquidation different this time?

According to Matrixport, the liquidation situation in this round for Bitcoin and Ethereum differs significantly from the 2020/2021 bull market. Even with $600M in liquidations, the market has stabilized at the bottom and didn’t experience significant drops. 📉

This suggests lower overall leverage in the market, with traders being more cautious and stronger market confidence, possibly influenced by the SEC approval of Bitcoin spot ETFs. 🚀

Moreover, the risk of Bitcoin going to zero is almost eliminated, and the focus now shifts to its downside potential. This phenomenon contrasts sharply with the high-leverage market of the past. 💡 #bitcoin #MarketDynamics #liquidation