Bitcoin’s steep decline fueled by short-term holders

Bitcoin’s price dropped to $86,000 on Feb. 27 after struggling to maintain support at $88,000 for the past two days. The sudden price drop caused a swift and aggressive reaction across the market, with everyone from institutions to derivatives traders suffering losses.  Despite the significantly larger size of the derivatives market, the spot market seems […] The post Bitcoin’s steep decline... source: https://cryptoslate.com/bitcoins-steep-decline-fueled-by-short-term-holders/