Bitcoin cratered almost 10% below $41,000 early Wednesday around the time Matrixport's report about warning of a spot BTC ETF decline, but it was more likely due to a leverage flush as the market overheated, a K33 analyst said in an interview.
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from CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
What Caused Bitcoin's 10% Crash: Matrixport, Jim Cramer, Leverage?
January 03, 2024