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<p>The crypto market has seen a notable pullback in recent days, leaving many investors wondering – why is the crypto market down today? According to experts, excessive leverage and regulatory pressure appear key drivers of the latest turbulence.</p>
<p><strong>Healthy Pullbacks as Bull Run Continues</strong></p>
<p>As crypto trader <a href="https://twitter.com/thescalpingpro/status/1733563882139275378?t=8m4Fu-BfudlYPObJqe8r7w&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Mags (@thescalpingpro) explained</a>, significant but temporary downturns are common even in strong bitcoin bull markets. As she noted, “In every #Bitcoin Bull market, prices often take a breather before reaching its peak.”</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="755" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-275-1024x755.png" alt="" class="wp-image-395793" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-275-1024x755.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-275-300x221.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-275-767x566.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-275-1536x1133.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-275-2048x1511.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-275-203x150.png 203w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-275-100x74.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-275-474x350.png 474w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-275-788x581.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-275.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>With BTC up 189% from its recent bottom, Mags contends further 20%+ pullbacks should be expected en route to bitcoin hitting new highs.</p>
<p><strong>Leveraged Longs Liquidated</strong></p>
<p>Fellow analyst <a href="https://twitter.com/CredibleCrypto/status/1733635632746967435?t=ud2NgghwNZrUQX4ffIwGYg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">CrediBULL Crypto</a> also attributed much of the drop specifically to overleveraged long positions being liquidated, especially on derivative exchanges. As he tweeted, “This little move down was primarily levered longs capitulating into spot limit bids.”</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="647" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-274-1024x647.png" alt="" class="wp-image-395785" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-274-1024x647.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-274-300x190.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-274-767x485.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-274-1536x971.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-274-2048x1295.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-274-237x150.png 237w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-274-100x63.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-274-554x350.png 554w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-274-788x498.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-274.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>He views these liquidations as healthy in the short run, clearing excess leverage from the market. CrediBULL remains bullish, having “loaded up here” and looking to buy further on weakness.</p>
<p><strong>Regulatory Pressures Mount</strong></p>
<p>However, the market remains on edge given escalating crypto regulation such as a new bipartisan bill in the U.S. targeting terrorism financing. Kazakhstan also continues blocking exchanges amid money laundering crackdowns.</p>
<p>Read also:</p>
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 <li><a href="https://captainaltcoin.com/how-to-get-hot-solana-airdrops/" target="_blank" rel="noopener noreferrer nofollow">How to Get Hot Solana Airdrops?</a></li>
 <li><a href="https://captainaltcoin.com/the-latest-crypto-rival-to-avalanche-avax-a-glimpse-into-finances-future/" target="_blank" rel="noopener noreferrer nofollow">The Latest Crypto Rival to Avalanche (AVAX): A Glimpse into Finance’s Future?</a></li>
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<p>With market leverage high and regulators circling, additional sudden sell-offs could occur. But fundamentally, analysts still foresee new highs ahead in the ongoing bull market. The question is if weaker hands can withstand the likely volatility along the way.</p>
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<p>The post <a href="https://captainaltcoin.com/why-is-the-crypto-market-down-today-10/" rel="noopener noreferrer nofollow">Why Is The Crypto Market Down Today?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Is The Crypto Market Down Today?

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