Is Bitcoin A Warning Sign For Global Deleveraging?

Please fol­low and like us:
Pin Share

The below is a direct excerpt of Mar­ty’s Bent Issue #1228: “Delever­ag­ing bit­coin before the world de-levers.Sign up for the newslet­ter here.

The bit­coin mar­ket is in the process of going through a great delever­ag­ing event. The process start­ed last month when the Luna-Ter­ra ponzi blew up spec­tac­u­lar­ly and was forced to liq­ui­date approx­i­mate­ly 80,000 bit­coin. The process accel­er­at­ed last week when Cel­sius, Three Arrows Cap­i­tal, and Babel Finance proved to be overex­tend­ed in exot­ic high-yield token projects that crashed hard and, in the case of Babel, lend­ing to those overex­tend­ing in these projects.

Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published.