10x Research: The cryptocurrency market faces the largest scale of liquidation

ChainCatcher news, 10 x Research released a report stating that the cryptocurrency market has just experienced the largest wave of liquidations since 2021, with Ethereum at the core.

Historically, such large-scale liquidations often indicate a local bottom and increase the probability of a rebound, and the current negative funding rates reinforce this view. However, the report advises traders to carefully consider position structure, technical signals, and market pricing conditions before "buying the dip." The report also notes that Bitcoin and Ethereum futures open interest has surged by hundreds of billions of dollars, and key support levels are being tested; the future direction of the market may depend on this.