How do liquidation levels affect the cryptocurrency market?
Could you elaborate on how liquidation levels impact the dynamics of the cryptocurrency market? Specifically, how do they trigger price fluctuations and potentially influence investor sentiment? Do they have a direct correlation with market volatility, or are there other factors at play? Additionally, how do market participants respond to liquidation events, and what strategies do they employ to mitigate potential risks? Your insights into these intricacies would be greatly appreciated.