Bitwise CIO Says Bitcoin Recovery Could Indicate DeFi Resilience After Record Leveraged Liquidations ⚡️
The crypto market's recovery following a significant leveraged wipeout was swift yet limited, highlighting the resilience of the infrastructure and illustrating losses primarily driven by leverage. Bitwise’s CIO referred to this incident as a "blip," suggesting that the inherent strength in the decentralized financial systems helped navigate through the turmoil.
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