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MSM Flips Bullish on Bitcoin Mining!? - E358
Bitcoin & Markets
The Dynamics of Bitcoin Leverage in the 2020 Bull Market
The leverage grew without throughout the 2020 bull market, probably partly to stem this tide of Bitcoin leaving exchanges. Lower level of Bitcoin on exchanges signals a move away from the speculative bootstrapping phase to the reserve saving phase. This could lead to rapid illiquidity and volatility if the price starts moving higher.
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