The crypto market experienced its largest liquidation event ever on Friday night U.S. time, forcing out leveraged bullish bets worth $16 billion across bitcoin (BTC), ether (ETH), XRP (XRP), solana (SOL), and the broader altcoin market. Several altcoins have crashed between 20% to 40% as the market recoiled.

Naturally, bulls may be wondering whether the recovery could be swift or take time. Understanding the process that follows a crash like this suggests the recovery is likely to be gradual, testing the patience of bullish investors.

"When the market turns like this, there’s usually a pretty straightforward playbook for the aftermath," Zaheer Ebtikar, chief investment officer and founder of Split Capital, said on X.

Here's what a typical sequence looks like:

Market bleeds and market m

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