After a prolonged period of muted volatility, the bitcoin price had a violent swing to the downside, clearing more open interest than the FTX collapse.
Bulls take charge with massive upward momentum. Key price levels to watch to determine whether this is another bear market rally or a move with lasting power.
A report cites a restructuring deck where Babel details unhedged ‘risky’ trading practices leading to mass liquidations which require massive debt to recover.
