The invisible hands of market makers likely accelerated bitcoin’s recent crash.
Here’s how market makers likely accelerated bitcoin’s brutal crash to $60,000
The invisible hands of market makers likely accelerated bitcoin's recent crash.
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Resistance has formed at the $2.38 level with support in the $2.23-$2.24 range.
The record short interest is led by carry trades and some amount of outright bearish bets on the second-largest cryptocurrency.
Bitcoin and Ethereum fell sharply Tuesday, erasing weekend gains as traders assessed whether the market’s bounce formed a lower high.
With block rewards set to plunge, only miners with energy control or AI pivots are likely to survive, Thiel argues.