Traders on X are pointing to everything from a Hong Kong fund blowup to yen funding stress and even quantum security fears as bitcoin’s plunge turns into a full-blown narrative vacuum.
Bitcoin’s crash to $60,000 has traders hunting for a hidden fund blowup
Traders on X are pointing to everything from a Hong Kong fund blowup to yen funding stress and even quantum security fears as bitcoin’s plunge turns into a full-blown narrative vacuum.
Shares:
Ledger secures about $100 billion worth of bitcoin for its customers.
Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.
The new XRP-focused DAT would mirror the structures used by listed accumulators like Michael Saylor’s Strategy Inc. and Japan’s Metaplanet, both of which have seen their shares slide amid broader
The Securities and Exchange Commission had previously only allowed cash redemptions when the spot bitcoin ETFs were approved last January.