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Bitcoin (CRYPTO: BTC) is down almost 6% in the past 24 hours after a sudden wave of long-position liquidations erased nearly $4,000 from price in a matter of minutes.
Jim Cramer said the sharp decline reflected speculative positioning rather than any change in Bitcoin's underlying case.
In a post on X, Cramer said the morning selloff aligned with what he outlined in his Sunday note, arguing that Bitcoin and speculative trading "collaborate to start the month horribly" and have "nothing to do
Bitcoin (CRYPTO: BTC) is down almost 6% in the past 24 hours after a sudden wave of long-position liquidations erased nearly $4,000 from price in a matter of minutes.
Jim Cramer said the sharp decline reflected speculative positioning rather than any change in Bitcoin's underlying case.
In a post on X, Cramer said the morning selloff aligned with what he outlined in his Sunday note, arguing that Bitcoin and speculative trading "collaborate to start the month horribly" and have "nothing to do
20 days ago
