Can Uptober’s Bullish History Survive Crypto’s $400 Billion Slide?
Crypto markets faced a massive $400 billion drop from September 18 to 26. The total market cap fell from $4.12 trillion to $3.72 trillion. This decline hit Bitcoin and Ethereum hard. Bitcoin fell from $124,128 to $109,000, while Ethereum dropped 22% from its peak.
derivatives markets felt the heat too.CoinGlass reported $850 million in liquidations in just 24 hours. Long positions suffered the most, with Bitcoin and Ethereum leading the losses. bitcoin’s price retreated 12%
