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21 sats \ 0 replies \ @random_ 18 Jun 2022 \ on: Cascading Liquidations Send Bitcoin Below $18,000 As Daisy-Chained Margin Call Contagion Sparks Record Selling. bitcoin
"... as cascading liquidations become self-reinforcing and prompt wholesale deleveraging of the entire crypto sector, pushing Bitcoin to the most oversold weekly level in history!"
"On the other hand, so far in its brief history bitcoin has survived three 70% drawdowns in its history - this will be the fourth one - and it has always come out stronger on the other side without the Fed's help..."