Bitcoin plummeted by about $4,000 in a few hours, dragged down by over $400 million in leveraged positions being unwound.
Nothing new in the current regime: volatility amplified by excessive short-term risk.
The market remains unforgiving of poorly calibrated leverage.
They are selling heavily, now prices are been discounted. This is probably the Time to begin accumulating more.
Flush them out!
Yikes. I wonder if this is closing the gap as well.