Bitcoin Demand Remains Strong, Market Finds Balance After Historical Liquidation

Recent Developments in the Asian Market

Good morning to the Asian markets. Among the notable developments in the markets, the largest leverage liquidation in cryptocurrencies stands out. According to Glassnode and CryptoQuant data, despite the market chaos, liquidity and structural demand in the cryptocurrency market continue to remain stable.

In light of these developments, the Bitcoin price has dropped to approximately $112,700 due to profit-taking and geopolitical tensions. Ethereum, on the other hand, experienced a decrease of 3.7%, falling to $4,101. Traders are adopting a more cautious approach following this historic liquidation.