Bitcoin ‘Battle of Leverages’ Makes $20,000 Key Level to Watch

Leveraged bets intensified short positions, says Ballet CEO
CEO warns recent rout could be the start of a long bear market
A decline in Bitcoin below the key level of $20,000 could snowball into a broader rout in the market that’s already reeling under tightening global liquidity. Bitcoin gained for the first time in 10 days on Thursday after falling to $20,081.95 on Wednesday. The asset has dropped 52.7% this year.
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