Fast Take
- Yesterday was risky for Bitcoin — hitting $26,500 and $28,600 in someday.
- The federal reserve raised 25bps, plus a convention with Powell that despatched threat belongings decrease for the day.
- Nevertheless, we perceive now that liquidations had been the principle driver behind the drop in worth for Bitcoin.
- Whereas spot Bitcoin was purchased from exchanges, roughly $360 million was the very best quantity in USD this yr.
- The third most quantity of Bitcoin in 2023 — pushed by whales of outflows larger than $1 million
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