ETH/BTC Hits Key Trendline as Altcoins Face Flash Crash

The Altcoin market drops by 30%, with some tokens losing over 50%. Liquidity crunch and overleveraged trades blamed for the sharp correction. Experts recommend holding positions and rebalancing portfolios. The altcoin market crashed 30% in the last 24 hours, with some coins losing half their value. This sharp drop, worsened by liquidity issues on major exchanges like Binance, raises concerns about the market’s uptrend. Following a two-month bull run, the altcoin market experienced its biggest liquidity crash in three years. Market experts blame overleveraged positions and dwindling liquidity for the flash crash across several altcoins. This includes notable losses in Bittensor, which lost 50% of its value. One key factor is overconfidence among investors who increased leverage as prices rallied. Despite the panic, analysts say this correction is a natural part of a healthy market cycle. They recommend rebalancing portfolios and avoiding impulsive decisions. Rebalancing helps investors preserve profits and prepares them to capitalize on future opportunities. ETH/BTC Hits 9-Year Trendline Ethereum (ETH), the largest altcoin, touched a key trendl… The post ETH/BTC Hits Key Trendline as Altcoins Face Flash Crash appeared first on Coin Edition .