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In the crypto mini market, night decline started, continued in the morning. BitCoin, less than $ 90,000, while the opposite coins are suffering a deep decline. In the midst of these shortcomings, Arthur Hess, the founder and famous businessman of Butt Max, claims that more can come.
Hess said, “Goblin Town* is at the door, Grass said hedge funds can liquid their positions in BitCoin ETF, which could reduce the price of $ 70,000.
According to Hess, most of the processes on the Blackrock Spot Bit Coin ETF take a long (long) position to return to the ETF, while the short (short) positions in the CME Future. Thus, low risk, but they get more return from American bonds. Bit Max’s founder name, if the BTC price continues to reduce this return, the funds will come out of ETF positions and close the shorts positions.
“Currently, brothers, but the current return is approaching the return of US bonds,” hess said. And he said that they could realize their profits during US trade hours.
Number one crypto currency gets buyers at $ 89,250 at 10.30. The deepest reduction in bitcoin has led to the loss of Billion to take advantage of more than 1 billion.
<In the Crypto community, “Goblin Town” is a metaphorical expression used to describe a serious reduction in the market or the common “bear market” environment.
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