Bitcoin (BTC) speculators have disappeared from the market and their mood “destroyed,” says popular analyst Philip Swift.
In a tweet on Dec. 14, the co-founder of trading suite DecenTrader flagged potential maximum risk returns for BTC at current prices.
Swift: “Euphoria destroyed” from Bitcoin bear market
BTC/USD is around 70% below its last all-time highs, and the drawdown has flushed out many short-term investors.
The FTX scandal precipitated an even stronger capitulation, one which…
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