The crypto market is going through a period of turbulence marked by record liquidations of $618 million over 24 hours. Michael van de Poppe, founder of MN Capital and recognized analyst, warns of a possible flash crash, while paradoxically seeing it as an investment opportunity.
An explosive situation on the crypto market
Michael van de Poppe, founder of MN Capital and recognized analyst in the crypto ecosystem, issued a clear warning on November 3 on the X platform. According to him, a flash crash could occur at any time, leading to a cascade of massive liquidations, particularly in the altcoin market.
The last 24 hours have already seen $618.7 million in positions liquidatedincluding 85.8 million in bitcoin and 61.5 million in Ethereum. This wave of liquidations was triggered by the announcement and then rapid withdrawal of martial law in South Korea, illustrating the extreme sensitivity of the market to geopolitical events.
Despite this turbulence, van de Poppe remains optimistic in the long term, viewing these corrections as strategic buying opportunities. “ Don't panic. Take advantage of this to enter the markets. It’s a blessing,” he said, emphasizing the importance of a long-term vision in a highly volatile market.
Warning signs are multiplying
The situation is all the more worrying as the volume of crypto exchanges in South Korea has exploded, reaching $18 billion in 24 hours according to 10x Research. This intense activity even outperforms the country's traditional stock market by 22%, creating an environment ripe for extreme price movements.
At the same time, CryptoQuant data reveals a wait-and-see behavior of “Bitcoin whales”, while BTC oscillates below the symbolic mark of $100,000.
CryptoQuant analyst Onat Tütüncüler notes a worrying increase in bitcoin transfers to exchanges, a traditional indicator of potential selling pressure. This accumulation of risk factors could actually precipitate the flash crash feared by van de Poppe.
In this climate of uncertainty, caution remains essential for investors. If a flash crash were to materialize, it could offer attractive entry points for the most seasoned investors, while representing a major risk for leveraged positions.
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