⚓️‼️ In the last 24 hours, $875 million worth of liquidation occurred in the crypto market. Bitcoin is trading at the level of 99,237.$ , and Ethereum is at approximately 2,199.$ .

🔍 Market Dynamics and Reasons for Liquidation

Leveraged Long Positions:

Long positions were quickly liquidated due to sudden price drops. This situation led to liquidity crunch in the market and increased volatility.

Macroeconomic Factors:

The U.S. military operations against Iran negatively affected global risk appetite. The rise in oil prices and potential inflationary pressures pushed investors to seek safe havens.

Technical Indicators:

Bitcoin's RSI value is close to the oversold territory, indicating potential for a short-term recovery. However, the fragility in the market structure continues.

📊 Altcoin Performance

Ethereum (ETH):

Fell to the level of 2,199.$ with an 8.52% loss.

Solana (SOL)

Dropped below 92% ATH level with a 31% loss. Large SOL positions linked to FTX and Alameda Research increased liquidation pressure.

⚠️ Risk Management and Strategy Recommendations

Low Leverage Usage:

High-leverage trades carry significant risks in volatile markets. Using low leverage can limit potential losses.

Monitoring Support Levels:

The 97,000–95,000.$ band should be monitored as critical support levels for Bitcoin. Breaking these levels could lead to deeper declines.

Market Monitoring:

Global economic developments and geopolitical risks can directly affect the crypto market. Therefore, it is important to regularly follow news flow.

This is not investment advice.

#Bitcoin #Ethereum #CryptoMarket