Bitcoin Leverage Washout Signals Trader Excess, Not a Broken BTC Thesis
Bitcoin’s latest shakeout looks more like a leverage purge than a collapse in conviction, with Larry Fink blaming excessive derivatives exposure rather than broken BTC fundamentals. The real question now is whether Bitcoin can hold the $62,000–$65,000 zone as ETF flows, options expiry, and Fed signals shape the next move.
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