BTC, ETH, XRP, SOL Face Slow Bottoming Process After $16B Liquidation Shock

The crypto market experienced its largest liquidation event ever on Friday night U.S. time, forcing out leveraged bullish bets worth $16 billion across bitcoin (BTC), ether (ETH), XRP (XRP), solana (SOL), and the broader altcoin market. Several altcoins have crashed between 20% to 40% as the market recoiled. Naturally, bulls may be wondering whether the recovery could be swift or take time. Understanding the process that follows a crash like this suggests the recovery is likely to be gradual, testing the ...