New Tokens Make Traders Millions While Billions Liquidated on BTC, ETH The SEC's investigation into 200 DATs seems to have spooked the market, could it be the end of their buying streak? We dive in to this week's most imp crypto news 👇 While Bitcoin still trades at $110k and ETH over $4k, billions worth of positions were liquidated from the market, but that’s what happens when people use leverage. It’s difficult to peg the price action to one thing in particular, however our gut says yesterday’s announcement that the SEC had reached out to 200 Digital Asset Treasury (DAT) funds regarding insider trading concerns probably had something to do with it. How could yesterday’s news have influenced price action at the beginning of the week? Seems like we had insiders insider trading the news of the SEC investigating DATs for insider trading… really a classic crypto moment. We disagree with claims that the recent run up on the crypto market was entirely due to treasury companies...
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