Why Is Bitcoin Crashing Today? Analysts Say Synthetic BTC Supply Is the Real Problem

Bitcoin briefly crashed toward $60,000 on February 6, wiping out over $2. 6 billion in leveraged positions in 24 hours. That makes it the worst single-day drop since the FTX collapse in November 2022. Most outlets are blaming macro pressure and weak sentiment. But DeFi researcher CryptoNobler says the real issue is structural, and it has … source: https://coinpedia.org/news/why-is-bitcoin-crashing-today-analysts-say-synthetic-btc-supply-is-the-real-problem/