Entering the halving rinsed from leverage

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15 Apr 2024

Entering the halving rinsed from leverage

The market crashed heavily following Iran's attack on Israel this weekend, with the crash exaggerated by liquidation of leveraged longs. With the market rinsed of leverage, are there now only clear skies ahead with the halving coming up in four days?

Preview

Iran’s attack on Israel set off the market crash

Escalations in the Middle East were directly followed by a significant crash in the crypto market as traders de-risked amidst heightened uncertainty, pushing BTC down towards the lower $60,000s and several altcoins down a massive 30%.

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Entering the halving rinsed from leverage

Iran’s attack on Israel set off the market crash

Leverage liquidations exaggerated the downturn

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