In the last 24 hours, there have been very large liquidations, and of course with this drop, the majority of them were long liquidations.

However, what’s more interesting is that liquidations were higher on the $ETH side, which shows us that investor demand has now shifted more toward altcoins compared to $BTC

Yes, the price is currently in a downtrend, but when this trend reverses with strong volume, we could see serious rallies in altcoins.