Analysis: Crypto assets undergo significant correction as investors bet on a new round of volatility

According to ChainCatcher, citing Golden Ten Data, after liquidations totaling as much as $1.5 billions, cryptocurrency traders are now betting on a new wave of market volatility. This large-scale liquidation highlights the vulnerability of the cryptocurrency market, and option price trends suggest that future volatility may intensify. Ethereum plunged as much as 9% in the previous trading day, wiping out nearly $500 millions in bullish bets. Caroline Morong, co-founder of Orbit Markets, stated that the market is currently consolidating after a sharp correction, but overall sentiment remains quite tense.