The cryptocurrency market lost a record $ 1.75 billion overnight

Analysts in the digital asset industry note that between December 9 and 10, $ 1.75 billion worth of positions were forcibly closed on the crypto market. Of this amount, $ 1.57 billion fell on long positions, according to the Coinglass analytical platform.

The largest losses were recorded among altcoins: bitcoin accounted for only $ 189.2 million of the total liquidations. The fall of the BTC price to $ 94,150 before a subsequent rebound to $ 97,000 was the main trigger of the situation. Altcoins experienced even more significant fluctuations.

The cryptocurrency market is currently showing a gradual recovery: over the past day, bitcoin BTC $75,901.03 Mezo Wrapped BTC -2.03% Market capitalization $0.1 billion VOL. 24 hours $0.73 billion has lost 1.8% of its value, while other top assets, except for stablecoins, have shown a drop of 3.2% to 12.3%.

Experts warn of a possible pause in bitcoin’s growth and predict potential corrections in the coming months. Despite the volatility, interest in crypto funds remains high: in the first week of December, investments in them reached a record high of $ 3.85 billion.