The cryptocurrency market faces a turbulent phase as a swift downturn has taken place, leading to substantial speculation among traders and investors. The sharp sell-off resulted in the liquidation of positions worth more than $622 million, igniting concerns about the potential end of the bullish phase. The market, which had been on an upward trajectory, is now grappling with a significant sell-off, sparking debate on whether this is a temporary setback or a more permanent shift in market dynamics.
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