Leveraged Liquidations Underscore Bitcoin’s Equity Sensitivity, Citi Says
A wave of leveraged long liquidations has exposed bitcoin’s (BTC) equity sensitivity, according to Wall Street bank Citigroup.
The bank said worsening U.S.-China trade tensions triggered a sharp futures selloff on Friday that spilled into crypto, underscoring its volatility and correlation with equities.
Both crypto and stock markets have since …
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