🚀 Bitcoin fell by 10% in three hours: what is behind this? 📉

- Bitcoin is trading around $42,300 after falling 7.4% in the last 24 hours

- Crypto investor Scott Melker suggests this is a leverage “wash”, eliminating over-borrowed positions

- Melker also points to Matrixport's report on the SEC's possible refusal to approve a Bitcoin ETF as a trigger for the flush

- Some market participants are unhappy with the change in Matrixport’s position and consider it an attempt to manipulate the market

🤔 What are your thoughts on this? Discuss in the comments!