The crypto market is on the verge of a massive correction. Long liquidations are pouring in, reminiscent of the March 2020 Covid crash. We're witnessing a historic sell-off. The question is, how low will it go? Could we see a dip to 250k? The uncertainty is palpable.

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The correction has been overdue, but it's hard to predict the bottom. Historical data suggests that after a 70% drop, the market tends to retest the previous low before continuing its downward trend.