Market News / Story
Will the Crypto Market Repeat 10-10? Here's What the Data Says
Beincrypto ·
Beincrypto reports: The crypto market slid on Wednesday as Bitcoin fell 1.7% to about $84,100 and Ethereum dropped 3.5%. Leveraged traders had piled back in, so the dip forced out $403.58 million in long bets within an hour. The flush revived fears of a 10-10 repeat. However, the data shows leverage has rebuilt while the pressure behind last October’s crash is missing. What Looks the Same? This comparison primarily focuses on derivatives because 10-10 was a leverage-driven crash. The rally…