It is the same setup Michael Burry warned about this week, when he said falling crypto collateral can force metal selling in a feedback loop.
Silver’s 17% plunge reignites market behaviour that once topped bitcoin liquidations
It is the same setup Michael Burry warned about this week, when he said falling crypto collateral can force metal selling in a feedback loop.
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“We expect crypto markets to dip once US markets open,” one trader said.
Despite a record-breaking hash rate, low transaction fees and empty blocks raise concerns about bitcoin’s long-term sustainability.
One analyst characterized bitcoin's recovery from last week's decline as a "peaceful rally," with buyers stepping in to support the uptrend.
Tether becomes more dominance as BTC loses ground.