Crypto market endures massive leverage loss, Ran Neuner notes

Crypto market endures massive leverage loss, Ran Neuner notes
Crypto sees $2 billion leverage liquidated

Over $2 billion in leveraged positions were eliminated in the cryptocurrency market over the past seven days.

Ran Neuner, founder of Crypto Banter, commented that despite this significant wipeout, the market remains unshaken. Neuner added that, in his view, the real correction has not yet occurred, comparing the current situation to previous Bitcoin downturns.

Neuner recently observed that certain altcoins are showing strength and rally patterns even as market attention remains on Bitcoin. In a separate note, he has argued that investors may only need six altcoins for the current bull market. His latest comments follow ongoing debate about portfolio strategy amid market corrections.

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