We just witnessed a classic market phenomenon,
The Margin Cascade.
First, S&P 500 Dropped, Triggering margin calls for big institutions.
Then, Gold Dumped (-8%): To cover stock losses, institutions were forced to sell their Safe Haven assets for urgent cash.
Finally, Bitcoin Followed: Being a liquid asset, crypto was sold off to raise liquidity.
#BTC #crash
The Margin Cascade.
First, S&P 500 Dropped, Triggering margin calls for big institutions.
Then, Gold Dumped (-8%): To cover stock losses, institutions were forced to sell their Safe Haven assets for urgent cash.
Finally, Bitcoin Followed: Being a liquid asset, crypto was sold off to raise liquidity.
#BTC #crash
