Crypto Market Shows Signs of Recovery Following $1.7B Liquidation Event

Gate News bot message, The cryptocurrency market is stabilizing after experiencing the largest liquidation cascade of the year, totaling $1.7 billion. AVAX stands out with a 15% gain amid the recovery phase.

Current market metrics indicate Bitcoin trading at $113,058 (+0.32%) and Ethereum at $4,207 (+0.22%). The Fear & Greed Index stands at 43 in the Fear zone, while the total market capitalization reaches $4.14T. The 24-hour liquidation volume amounts to $368M.