Bitcoin has no lender of last resort for those who take undue risks. Bitcoin’s recent leverage cleansing is par for the course for a truly scarce asset.
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BTC/USD$ 90,755.32 0.63%
ETH/USD$ 3,168.38 2.18%
USDT/USD$ 0.999612 0.06%
SOL/USD$ 218.25 1.66%
BNB/USD$ 624.74 0.76%
XRP/USD$ 1.11 26.48%
DOGE/USD$ 0.371073 0.29%
USDC/USD$ 0.999137 0.10%
STETH/USD$ 3,167.00 2.13%
ADA/USD$ 0.763835 16.10%
TRX/USD$ 0.199247 6.01%
SHIB/USD$ 0.000025 2.23%
AVAX/USD$ 35.23 8.06%
TON/USD$ 5.62 4.47%
WSTETH/USD$ 3,758.96 2.38%
WBTC/USD$ 90,646.29 0.76%
SUI/USD$ 3.75 9.54%
WETH/USD$ 3,169.06 2.25%
PEPE/USD$ 0.000022 1.38%
LINK/USD$ 14.33 5.26%
BCH/USD$ 443.64 2.20%
DOT/USD$ 5.39 7.11%
NEAR/USD$ 6.01 8.16%
LEO/USD$ 7.70 2.18%
APT/USD$ 12.31 1.24%
LTC/USD$ 87.51 1.88%
WEETH/USD$ 3,340.26 2.34%
UNI/USD$ 8.93 7.90%
USDS/USD$ 0.993444 0.73%
XLM/USD$ 0.173017 21.74%
ICP/USD$ 9.27 13.22%
CRO/USD$ 0.162452 2.34%
TAO/USD$ 524.03 1.67%
ETC/USD$ 25.61 11.43%
WIF/USD$ 3.72 2.03%
KAS/USD$ 0.144404 9.11%
FET/USD$ 1.31 4.29%
DAI/USD$ 0.998622 0.11%
POL/USD$ 0.411242 10.17%
WBT/USD$ 22.19 0.55%
USDE/USD$ 1.00 0.02%
HBAR/USD$ 0.084447 20.82%
STX/USD$ 1.94 3.93%
BONK/USD$ 0.000041 7.23%
RENDER/USD$ 7.02 3.08%
XMR/USD$ 148.41 1.42%
OKB/USD$ 44.05 1.03%
FIL/USD$ 4.40 8.27%
FDUSD/USD$ 0.996648 0.73%
ARB/USD$ 0.650031 9.31%