Crypto analyst says ‘flash crash likely’ as 24-hour liquidations hit $618M

A crypto analyst says a “flash crash is likely” but views it as a buying opportunity, signaling optimism for the long term.

A crypto analyst is warning there’s a high likelihood of a “flash crash” after the broader crypto market clocked significant gains over the past month.

“If corrections happen, and they will, and a flash crash is likely to happen, inducing a massive liquidation crash across Altcoins,” MN Capital founder and crypto analyst Michael van de Poppe said in a Nov. 3 X post.

“Don’t panic. Use those as an opportunity to get into the markets. They are a blessing,” van de Poppe added.

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