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What crashed Bitcoin? Three theories behind BTC's trip below $60K

Cointelegraph

What crashed Bitcoin? Three theories behind BTC's trip below $60K

Aris February 7, 2026

Hong Kong hedge funds’ leveraged BTC price bets are emerging as the main trigger behind Bitcoin’s sharp month-long sell-off.

Originally published by Cointelegraph https://cointelegraph.com/

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Over 23% of traders now expect interest rate cut at next FOMC meeting
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What crashed Bitcoin? Three theories behind BTC's trip below $60K
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