I'm assuming too many people went long leveraged again and the CEX's decided to wipe them all out. That's why this is a HODLers game. Timing the market gets you rekt.
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I'm assuming too many people went long leveraged again and the CEX's decided to wipe them all out. That's why this is a HODLers game. Timing the market gets you rekt.
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A youtube video I saw said 1 month ago, BTC was around 44k and there was a low amount of leverage. So it would make sense that people started adding leverage as the price went up over the past month and why 44k or so was the point where it dropped to.
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Thanks! It's a good reason. Still waiting for the market to be recovered :(