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there is a threat of liquidations by troubled companies

The recovery of the market will determine the speed at which troubled firms liquidate assets in favor of the more successful players in the industry. This opinion was reached by experts of the market maker Cumberland.

In their opinion, the situation that has developed in the cryptocurrency market “is no different from examples in textbooks.” Overleveraged financial companies “have been penalized in bear markets for hundreds of years.”

“Uncertainty about the volume and timing of the sale of assets hung over the market like a cloud”, analysts stressed.

If in DeFi the process is transparent, predictable, ordered by algorithms, then outside the network it is confusing, time-consuming and fraught with legal difficulties. The overhang of liquidations will constrain capital raising, reduce liquidity and increase volatility, experts believe.

Earlier in Cumberland, one of the leading stablecoins collapsed.

Recall, Binance CEO Changpeng Zhao said that the bitcoin exchange is in “rescue talks” for more than 50 companies.

Prior to this, the head of FTX had warned of “hidden insolvency” of some trading platforms.

Read ForkLog bitcoin news in our Telegram – cryptocurrency news, courses and analytics.

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My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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