US margin debt reached all-time highs as crypto lost $2 trillion
Crypto markets have been penalized with downside volatility amid historic levels of US margin debt relative to income.
Crypto markets have been penalized with downside volatility amid historic levels of US margin debt relative to income.
After a senior Bloomberg analyst called for bitcoin to crash to $10k and kept interrupting his counterargument, Lawrence Lepard ragequit.
BTC has lagged far behind gold over the past year. By one calculation, BTC is 68% lower than it should be.
There has never been a two-year period with a declining number of addresses holding more than 0.1 BTC — until now.
Although both BTC ETFs and the price of BTC itself have declined since October, ETF outflows have far outpaced the asset’s decline.