Crypto's Weekend Wipeout Exposes a Glaring Flaw in Wall Street's Bitcoin ETFs
The price of Bitcoin fell by more than $12,000, from near $123,000 to below $107,000 in minutes, causing shockwaves in the entire ecosystem.
This led to a significant decline in other major cryptocurrencies like Ethereum and Solana, resulting in one of the largest liquidation events in history.
According to market analysts, the event triggered a
"cascade" of forced selling, highlighting the inherent risks in the fast-evolving market and a design flaw in Wall Street-endorsed investment vehicles.
The sheer scale of the financial bloodbath was unprecedented, sparking concerns about the stability of the market.
Author's summary: Crypto market faces significant volatility and design flaws.
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