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MISTAKE or MANIPULATION ?
In the wake of recent events, a significant occurrence has raised eyebrows in the crypto market. Following the apparent approval of an ETF, SEC Chair Gary Gensler's revelation of a hacked SEC account quickly reversed the tide. The subsequent denial of any Spot Bitcoin ETF approvals became a pivotal factor in what seemed like a strategic market move.
The impact was palpable, causing a swift surge in bitcoin price and therefore crypto market, only to be followed by a substantial downturn, leading to approximately $100 million in liquidations on both ends of the market.
The prevailing question now hovers over whether this was an oversight in account security - a mistake, or a meticulously orchestrated plan with a predetermined outcome - Manipulation
What are your thoughts about it ?
In the wake of recent events, a significant occurrence has raised eyebrows in the crypto market. Following the apparent approval of an ETF, SEC Chair Gary Gensler's revelation of a hacked SEC account quickly reversed the tide. The subsequent denial of any Spot Bitcoin ETF approvals became a pivotal factor in what seemed like a strategic market move.
The impact was palpable, causing a swift surge in bitcoin price and therefore crypto market, only to be followed by a substantial downturn, leading to approximately $100 million in liquidations on both ends of the market.
The prevailing question now hovers over whether this was an oversight in account security - a mistake, or a meticulously orchestrated plan with a predetermined outcome - Manipulation
What are your thoughts about it ?
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