The crypto market has endured its share of sharp corrections, however the October 10 liquidation occasion, with almost $19 billion erased in hours, marked an necessary turning level. The dimensions was historic, however the consequence was not the systemic breakdown that outlined 2022. As a substitute, it was a real-time stress check that the market, broadly talking, handed. What we witnessed was localised quite than systemic.
The selloff was triggered not solely by macro headlines, however by market construction. Costs started
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