Recent sell-off saw substantial declines across asset classes
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The recent sell-off saw substantial declines across various digital assets, including major cryptocurrencies like Bitcoin and Ethereum , which were recording losses of nearly 5%. Polygon and Toncoin were recording losses between 8% and 10%.:"Can’t wait to lose more money today." This tongue-in-cheek comment reflects the sentiment of many investors during periods of market volatility.
According to CoinGlass data, crypto market liquidations reached by $178 million in the last 24 hours. Bullish traders speculating on price gains accounted for $132 million in long liquidations, while short liquidations cost $46 million.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.
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