Bitcoin’s largest deleveraging event
A significant deleveraging event in Bitcoin was primarily driven by crypto-native traders rather than traditional finance participants. This event highlights the distinct behaviors and influences of different trading groups within the cryptocurrency market. While traditional finance, often referred to as TradFi, has a strong presence, it was the crypto-native traders who played a crucial role in this particular event. Their actions reflect a unique approach to trading and risk management that contrasts with more conventional financial methods. The divergence in trading strategies between these groups showcases the evolving landscape of cryptocurrency trading and its implications for market dynamics.
