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Bitcoin Smashes $57,000 and Retail is Still Nowhere to Be Found

The Breakdown

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Bitcoin and Ethereum Market Dynamics

This chapter explores the recent data on regional funds and trader activity in the Bitcoin market, including the movement of funds in different regions, the impact of price movements on short liquidation, and the surge in Bitcoin futures open interest. It also delves into the rise of Ethereum following Bitcoin's surge, discussing the reasons behind Ethereum's price increase, elevated interest in Ethereum futures, supply dynamics, restaking protocols, and the impact of restaking on token growth.

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