Bitcoin loses $2.3B in biggest crash since 2021 as capitulation intensifies: Analyst

Bitcoin has faced a staggering market downturn, recording over $2.3 billion in losses in what analysts are calling the most significant crash since the 2021 market peak. As the price of the world’s leading cryptocurrency plummeted, market data reveals a massive wave of liquidations and realized losses, indicating intense investor capitulation. Market analysts suggest that this sharp decline was fueled by a combination of macroeconomic pressures and the liquidation of high-leverage positions. Short-term holders, in particular, have been selling at a loss, a behavior often associated with market bottoms. Despite the grim figures, some experts believe this ‘flush out’ of speculative positions is a necessary phase for long-term price stabilization. Currently, the Crypto Fear & Greed Index has dipped into ‘Extreme Fear’ territory as traders brace for continued volatility in the global digital asset markets.

Source: Bitcoin loses $2.3B in biggest crash since 2021 as capitulation intensifies: Analyst