As a professional in the crypto industry, it is important to stay informed about market movements beyond just traditional Wall Street indices. On Tuesday, we witnessed a significant correction in the S&P 500, reflecting broader market uncertainty. This correction also extended to the crypto market, particularly Bitcoin, which experienced a 4.5% drop, falling to $56,500 levels. This price movement not only reflects market volatility but also resulted in a surge of BTC long liquidations.
