Leveraged Liquidations Underscore Bitcoin’s Equity Sensitivity, Citi Says
NeutralCryptocurrency

Citi has highlighted that recent leveraged liquidations in the cryptocurrency market are closely tied to ongoing U.S.-China trade tensions, which have led to a significant selloff in crypto assets. Despite this volatility, the bank remains optimistic about Bitcoin and Ethereum, citing strong inflows into exchange-traded funds (ETFs) as a stabilizing factor for its forecasts. This situation is important as it reflects the interconnectedness of global economic factors and the cryptocurrency market, indicating that while external pressures can cause short-term fluctuations, underlying demand remains robust.
— Curated by the World Pulse Now AI Editorial System