The Breakdown

Why Bitcoin Just Flash Crashed

Aug 18, 2023
This podcast explores the factors contributing to the crypto flash crash, including lack of liquidity, growing leverage, and market boredom. It discusses the impact of news events like SpaceX's Bitcoin holdings and Evergrande Group's bankruptcy. The podcast also delves into the Federal Reserve's concerns about inflation and its impact on the market. Traders provide their perspectives on the flash crash of Bitcoin, and it concludes by noting the unchanged directionality of the industry.
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