💔 Bitcoin’s Big Slide:
BTC fell over 40% in a month, hitting $59,930 📉
Down 50% from October 2025’s all-time high of ~$126,200
🔑 Key Takeaways:
1️⃣ Hong Kong hedge funds & leveraged bets may have triggered the sell-off 🇭🇰💹
2️⃣ ETF-linked U.S. bank products also likely added pressure 🏦
3️⃣ Bitcoin could dip below $60K, approaching miners’ break-even levels ⛏️💰
🌏 Hong Kong Hedge Funds in the Spotlight:
Some funds made big leveraged bets that BTC would keep rising 📈
Used options linked to ETFs like BlackRock’s IBIT 💼
Borrowed cheap Japanese yen, swapped currencies, and invested in high-risk assets like crypto 💴➡️💎
💡 Bottom line: Smart money moves can shake even the king of crypto! 👑⚡
GPS
0.01119
-7.90%
BTC
68,942.77
-2.11%
ETH
2,008.85
-2.86%