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After hitting a block at 0.1 million dollars, bitcoin bears have "madly" rushed in to short the etf.
Data shows that the capital inflow for shorting bitcoin corresponds to the outflow of 0.438 billion US dollars from a group of 12 spot ETFs that directly invest in bitcoin, marking the third largest outflow since January.
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Bitcoin flash crash! Is it better to get in, or is cash king? The season of altcoins is here! How can you avoid losing money in a bull market?
The process of bitcoin's first attempt to break through $0.1 million seems to have temporarily failed, encountering a flash crash this morning, dropping to a low of $92,326. This move has made everyone a bit nervous, worried that the bull market may be coming to an end. In fact, there is no need to worry at all, as the overall trend is still upward. The price has already rebounded, with this pullback mainly influenced by the liquidation of long positions and profit-taking by long-term bitcoin holders (LTH).
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