Bitcoin ETFs are 60% underwater, creating a $100 billion distressed house of cards

Bitcoin is trading near $86,000 as losses build across ETFs, treasury companies, and miners. According to Checkonchain’s Dec. 15 “System Stress” note, investors are carrying about$100 billion in unrealized losses. Miners are pulling back hashrate, many treasury-company stocks are trading below thei

Original Article: CryptoSlate

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