we are sinking but not deeply
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User-Kitich
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Crypto funds have first wiped out BTC and ETH amid the collapse
The market for digital gold is in turmoil. Bitcoin, which recently stormed to lofty heights of $126,000, is now struggling to hold above the $67,000 level. A 50% drop from the all-time high is not just a correction; it’s a change of era for institutional players.
“Bitcoin is trapped in a cage at $60,000. It is thrashing around in this range, but it has neither the strength to fall nor the wings to fly,” said Bohan Jiang, senior derivatives trader at FalconX.
“Bitcoin is trapped in a cage at $60,000. It is thrashing around in this range, but it has neither the strength to fall nor the wings to fly,” said Bohan Jiang, senior derivatives trader at FalconX.
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