Cryptocurrency market enters a clear adjustment···Altcoins, deepening decline

BTC falls 1.5% due to selling pressure from long-term investors
Many altcoins see sharp declines due to liquidation of leveraged positions
Expert: "BTC, institutional investors start buying"
MOVE, listed on top 3 Korean exchanges, sees massive surge

The cryptocurrency market, including , entered a correction on the 10th. Bitcoin fell 1.5%, and many altcoins recorded double-digit declines.

On the 9th, the main cause of the decline in the cryptocurrency market, especially altcoins, was the liquidation of leveraged positions in the market. As the altcoins, which had been riding the uptrend on the back of high leverage ratios, plummeted, the liquidation volume was released into the market, leading to a sharp price decline.

The decline in is also analyzed to be due to the start of selling by long-term investors.