In April, Crypto Liquidations Totaled 5.55 Billion Dollars

Crypto News– During April, the cryptocurrency market experienced an exceptional level of market volatility, witnessing a substantial $5.55 billion worth of long and short positions liquidated. This surge in liquidations was largely driven by the increasing speculation surrounding the Bitcoin halving event.

In April, Crypto Liquidations Totaled 5.55 Billion Dollars

This period of turbulence underscores the importance of gaining valuable insights and making strategic adjustments in investment approaches.

Pre-Bitcoin Halving Witnessed Surge in Volatility

Rossmarie Davila, an experienced crypto financial advisor, shared valuable insights with BeInCrypto on how to navigate through these turbulent times.

According to Davila, when building an investment portfolio, it’s crucial to define clear objectives for each asset both in the short and long term. She emphasizes the significance of having a well-thought-out strategy, particularly in light of Bitcoin’s inherent volatility, which necessitates a nuanced approach.

Undoubtedly, this year’s halving has exerted a considerable influence on Bitcoin’s market dynamics, propelling prices to an unprecedented peak of $73,737 in March. However, the following weeks witnessed heightened volatility, marked by a sharp 20% price correction in Bitcoin and significant declines exceeding 70% in some altcoins.

In light of such extreme volatility, Davila emphasizes the importance of caution for newcomers venturing into the cryptocurrency market.