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Bitcoin flash crashes to $62K as traders flee to AI stocks — bet on the downward momentum continuing

Bitcoin crashed to $62,000, its lowest point since February, wiping out $1.5 billion worth of bullish bets as traders move their money into hot AI stocks and new IPOs.

Idea

Bitcoin has suffered a massive crash, triggering a wave of forced selling as leveraged traders get wiped out. Analysts note that money is actively rotating out of crypto and into the red-hot AI sector and mega-IPOs like SpaceX. With the fear gauge rising and momentum completely broken, this downward pressure is unlikely to reverse overnight, presenting an opportunity to bet on further drops.

Key details

BTC4h#crypto#momentum#breakdown

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