(HedgeCo.Net) The most visible trend today is Bitcoin’s post-selloff consolidation. After peaking near record highs late last year, Bitcoin suffered a sharp correction that erased roughly half its value at the lows, briefly trading in the low-$60,000s before rebounding toward the $70,000 range.
That rebound was not driven by enthusiasm—it was driven by exhaustion.
The decline flushed out a significant amount of leveraged positioning in futures and options markets. Long liquidations removed...
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