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The Sunday Dip Post-Mortem

Apr 19, 2021 · 3 min read

By Jeremy Ong

In my previous Bitcoin post, I covered a few key on-chain metrics illustrating why BTC could continue having positive momentum as we head into the summer. We also cautioned that the market was highly levered going into the Coinbase listing. This update aims to quickly do a rundown on the pullback we saw this weekend.

The bloodbath happened on April 18th with a record ~$9.6b worth of futures contracts liquidated in 24 hours.

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