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Falling Dominoes as Miners and HODLers Capitulate

The Bitcoin market reeled from a massive deleveraging event, falling below the 2017 USD 20,000 high. Both on-chain DeFi markets and off-chain entities were deleveraged as exchanges, lenders, and hedge funds were rendered insolvent, or liquidated, says Glassnode.

Uploaded on June 21, 2022.