The recent crypto market sell-off was likely driven by short-term profit-taking and leveraged liquidations rather than any clear catalyst, The Block reported, citing multiple analysts. Presto Research analyst Min Jung described the decline as a natural pause following recent gains, noting Ethereum’s 7% and Dogecoin’s 12% rise over the past week. Vincent Liu, CIO of Kronos Research, attributed the drop to over-leveraged altcoin positions and thinning liquidity.
Analysts cite profit-taking, liquidations behind crypto pullback
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