Cryptocurrencies
Bitcoin Daredevils Leave Market on Edge as Levered Bets Misfire
Takeaways by Bloomberg AISubscribe
The Bitcoin bounce never came — and now leveraged traders are trapped.
After peaking at just over $126,000 in early October, Bitcoin has dropped 30% — breaking through key thresholds, spooking ETF investors, and rattling holders big and small. One group in particular remains exposed: traders who bet on a rebound — and now find themselves underwater while paying for it.
