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Crypto Liquidations Hit $1.5 Billion as Market Sentiment Dips to 2025 Lows

Crypto Liquidations Hit $1.5 Billion as Market Sentiment Dips to 2025 Lows
In the past 24 hours, crypto liquidations have exceeded $1.5 billion, raising concerns of a bear market. This is the third time this month that liquidations have reached such levels. Bitcoin ETFs are experiencing significant outflows, contributing to the decline in asset prices. Ethereum has been hit the hardest, partly due to the repercussions of the recent Bybit hack. The market sentiment is currently at its lowest level in 2025. However, some analysts believe that despite these challenges, the crypto industry is well-positioned to consolidate and recover by mid-2025. Binance CEO Richard Teng sees the current situation as a tactical retreat rather than a reversal, and emphasizes that market corrections present opportunities for experienced investors. While leading crypto projects are also facing liquidations, the industry still has strong foundations and is experiencing growth in new users. Once the dust settles, the crypto community may be poised for even larger gains.

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