Liquidations

summary.Bitcoin has fallen over 30% from its $126,000 peak, echoing the volatility typical of its four‑year halving cycles. CoinDesk data shows similar drawdowns in past bull runs (2017, 2021) and a 32.7% pullback this year. A massive liquidation on Oct. 10 wiped out $19.4 billion, intensifying fear of a market top. Analysts note that such corrections usually precede new rallies, while upcoming April 2024 halving, regulatory shifts, and macro‑economic factors will shape the next price move.

Qualigen Therapeutics (QLGN) will launch C10 Cryptocurrency Asset Treasury (DAT) purchases next week. The company has established USD settlement and crypto custody accounts, but has not yet purchased any virtual currencies. QLGN views the recent crypto pullback as a deleveraging event and plans an 80/20 passive/active allocation for CXC10. They will also expand hedging tools, pursue strategic M&A, and promote C10 private and ETF products to grow assets under management. Previous market volatility included $16B in liquidations and ~$200B wiped from market cap.