eToro

The recent cryptocurrency market sell-off, which triggered approximately $1.6 billion in liquidations over the past 24 hours, represents the largest deleveraging event in the crypto market since February. However, underlying market data suggests the correction is being driven primarily by retail investors and leveraged traders rather than long-term holders, according to Javier Molina, Market Analyst at eToro. Recent market activity has been accompanied by roughly $3.67 billion in outflows from spot bitcoin exchange-traded funds (ETFs) over the past two weeks. At the same time, spot demand for bitcoin has fallen ...