The global markets were subjected to an unparalleled meltdown yesterday that proved to be particularly impactful to the crypto markets, with Bitcoin and many major altcoins posting their largest single-day losses ever.
This extraordinary price action caught investors by surprise and created a cascade of liquidations on BitMEX that further perpetuated the selloff, with buyers being unable to absorb the massive amount of selling pressure that began snowballing as the bears gained momentum.
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