From Bloomberg Markets and Finance.

Ballet CEO Bobby Lee, one of bitcoin’s longest‑standing bulls, warns the cryptocurrency may face deeper downside, with the $60,000 zone emerging as a major liquidation risk for leveraged traders. Lee explains why recent volatility signals further weakness ahead and breaks down the impact of liquidation clusters and momentum selling. He also discusses bitcoin’s long‑term store‑of‑value case compared with gold and fiat currencies. He speaks with Paul Allen on Insight with Haslinda Amin.
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