The post Peter Brandt Makes Crypto Crash Commentary Amid $1 Billion Market Loss appeared on BitcoinEthereumNews.com.

The cryptocurrency market is facing selling pressure, with nearly $1 billion in liquidations across various assets in the past 24 hours, per Coinglass data. The stock market also saw a similar decline, with legendary trader Peter Brandt weighing in on the current market situation. Bitcoin (BTC) has seen yet another price reversal, filling in Friday’s CME gap and trading at $83,540, down nearly 10% in the last 24 hours. Meanwhile, the Nasdaq 100 has fallen about 10%, and another similar plunge would signal a bear market. Related In a tweet, Brandt makes a “comment on current markets (BTC, stocks),” stating that the ” volatility of the past week represented the chance to make a lot of money or lose a lot of money. ” He stated his dislike for “trading such volatility because ‘lose a lot of money’ is a binary alternative. Trading is a marathon, not a sprint.” Comment on current markets (BTC, stocks) The volatility of the past week represented the chance to make a lot of money or lose a lot of money I don’t like trading such volatility because “lose a lot of money” is a binary alternativeTrading is a marathon, not a sprint pic.twitter.com/hW3LfQeLQZ — Peter Brandt (@PeterLBrandt) March 4, 2025 Brandt’s statement highlights a key principle in trading: high volatility can be both an opportunity and a trap. While some traders may have profited from wild price swings, others suffered significant losses, highlighting the importance of risk management and long-term planning. Market sell-off The crypto market faced a brutal sell-off in the early Tuesday session, continuing the sell-off from Monday. Practically all cryptocurrencies in the top 100, save stablecoins, were in the red, with several suffering double-digit losses. In the last 24 hours, over $978 billion worth of crypto derivatives were liquidated; bullish bets…

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Filed under: News - @ March 4, 2025 1:22 pm