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$ 91,193.43 1.63%
ETH/USD$ 3,178.04 2.36%
USDT/USD$ 1.00 0.11%
SOL/USD$ 218.06 2.10%
BNB/USD$ 627.79 0.55%
XRP/USD$ 1.04 25.25%
DOGE/USD$ 0.375247 0.27%
USDC/USD$ 1.00 0.12%
STETH/USD$ 3,173.40 2.35%
ADA/USD$ 0.749296 22.55%
TRX/USD$ 0.198313 8.47%
SHIB/USD$ 0.000025 3.93%
AVAX/USD$ 35.04 8.33%
TON/USD$ 5.57 4.46%
WSTETH/USD$ 3,716.76 1.40%
WBTC/USD$ 91,085.40 1.92%
SUI/USD$ 3.77 11.03%
WETH/USD$ 3,179.95 2.41%
PEPE/USD$ 0.000022 1.59%
LINK/USD$ 14.36 6.35%
BCH/USD$ 448.40 5.12%
DOT/USD$ 5.45 9.96%
NEAR/USD$ 6.15 11.03%
LEO/USD$ 7.72 2.75%
LTC/USD$ 89.08 5.65%
APT/USD$ 12.42 3.05%
WEETH/USD$ 3,333.19 1.98%
UNI/USD$ 9.00 8.45%
USDS/USD$ 0.995375 1.54%
XLM/USD$ 0.155896 15.24%
CRO/USD$ 0.16542 1.02%
ICP/USD$ 9.23 13.15%
TAO/USD$ 533.24 4.18%
ETC/USD$ 25.72 14.58%
WIF/USD$ 3.75 1.26%
KAS/USD$ 0.144174 10.62%
FET/USD$ 1.32 4.17%
DAI/USD$ 1.00 0.16%
POL/USD$ 0.40933 11.98%
WBT/USD$ 22.29 0.27%
USDE/USD$ 1.00 0.09%
HBAR/USD$ 0.082106 14.63%
STX/USD$ 1.95 5.52%
BONK/USD$ 0.00004 4.63%
RENDER/USD$ 7.09 5.55%
XMR/USD$ 148.65 1.89%
OKB/USD$ 44.33 1.82%
FIL/USD$ 4.46 11.90%
FDUSD/USD$ 1.00 0.39%
AAVE/USD$ 173.28 7.90%