Bitcoin’s Grand Plunge: A Tale of Leverage, Lust, and Lost Fortunes
Traders, those poor souls, were quick to point their fingers at leverage, as if it were the sole villain in this melodrama. Yet, the data, that cold and unyielding mistress, reveals a more nuanced tale. Derivatives, it seems, did not ignite this conflagration but merely fanned the flames. The true rupture occurred earlier, in the shadows of a critical on-chain and structural zone. How deliciously ironic that the very foundation should crumble before the storm.



