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$110,450.02, ether ETH$3,772.87, XRP$2.4100, solana SOL$182.71, 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…