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

🔍 Market Dynamics and Liquidation Reasons

Leveraged Long Positions:

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

Macroeconomic Factors:

The US 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:

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

📊 Altcoin Performance

Ethereum (ETH):

It has declined to the level of $2,199 with a loss of 8.52%.

Solana (SOL)

It fell below 92% ATH level with a 31% loss in value. Large SOL positions linked to FTX and Alameda Research have increased liquidation pressure.

⚠️ Risk Management and Strategy Recommendations

Low Leverage Usage:

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

Monitoring Support Levels:

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

Market Tracking:

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

It is not investment advice.

#Bitcoin # Ethereum #crypto market