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WBTC, SoBTC Depegs as Bitcoin’s Drawdown Margin Sustains its Position

Tekedia WBTC, SoBTC Depegs as Bitcoin’s Drawdown Margin Sustains its Position – Community Insights

This week, the spot price of Bitcoin dropped to a multi-year low of $15,801 amidst the FTX collapse, with BTC now -76.9% below the cycle top set in November 2021. Previous generational lows have recorded >75% market devaluations from the peak, bringing this bear market in line with prior cycle drawdowns.








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