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Bitcoin’s Slide Has Traders Hedging Against a Drop to $70,000
Feb 26, 2025
Bohan Jiang, Abra’s Head of OTC Options Trading, provided insight into crypto’s recent price plunge in a statement to Bloomberg. He noted that the selloff appears to be driven by both spot selling and a basis unwind, linking the decline to ETF outflows from directional traders.
Full article available here.
