Analysis: "Cryptocurrency in a Healthy Correction"

David Shimer, co-founder of Wave Digital Assets, diagnosed that "this correction is a healthy correction." According to CoinDesk, he said, "Bitcoin remains the core of institutional cryptocurrency strategies. It is entirely normal for profit-taking sales to emerge after a sharp rise." Joel Kruger, market strategist at LMAX Group, also stated, "It is not surprising that profit-taking movements have appeared. The overall market outlook is very positive, and the decline will soon stop." Meanwhile, over $1 billion in cryptocurrency futures positions were liquidated in the past 24 hours. Most of these were long positions.