Analysis: The cryptocurrency market is undergoing the largest scale altcoin liquidation since the LUNA crash

ChainCatcher news, according to Bravos Research analysis, the current cryptocurrency market is experiencing the largest altcoin liquidation since the LUNA crash in May 2022. Approximately $10 billion has been liquidated in the market, a scale far exceeding that after the FTX collapse. Data shows that Bitcoin's dominance continues to rise, indicating that there are no clear signals of an altcoin season in the short term.