Opinion: If the pattern of 2022 repeats, the cryptocurrency market may need more than two months to "fully recover"
Cryptocurrency analyst Matthew Hyland stated that the cryptocurrency market might not recover to its December levels until April. He pointed out that on February 3, the "largest liquidation event in crypto history" occurred, with over $2.24 billion liquidated within 24 hours. Based on similar market turbulence events in 2020 and 2022, Hyland said it usually takes more than two months for the market to fully recover.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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