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Crypto "Safe Haven Myth" Shatters, 280,000 Traders Wiped Out
Bitcoin Plunge: Bitcoin tumbled 7% in 24 hours, briefly dipping below
77,000,whileEthereumcrashed1277,000,whileEthereumcrashed12877 million in crypto positions were liquidated in a single day, leaving 280,000 investors trapped in a "long squeeze." U.S. Treasury Secretary Bassett’s earlier claim that Bitcoin is "the new gold" backfired as skepticism grows over crypto’s避险属性 (safe-haven appeal).
On-Chain Data Divergence: Despite the crash, long-term holders remain steadfast, with Bitcoin reserves on exchanges declining. Stablecoin market caps rose against the trend, signaling potential bargain-hunting. 1 reply
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