In a twist fit for the grandest of theatrical performances, it appears that a “multi-billion-dollar Hong Kong hedge fund” has met its untimely demise, according to the sage whispers of 10x Research. Such a staggering revelation sends ripples through the market, much like a cataclysmic splash in a serene pond of tranquility.
And oh, what a plunge it has been! Bitcoin, that erstwhile beacon of digital hope, has nosedived from the dizzying heights of $90,000 to a mere $60,000 in a span so brief, it makes a shooting star seem sluggish by comparison.
Surprised? You Bet!
Analysts, those perennial seekers of order in chaos, are scratching their heads in bewilderment, desperate to unveil the mystery behind such an abrupt descent. One can only imagine their collective sigh of disbelief as they scour their charts for answers, each hoping to unlock the secret that eludes them like a mirage in the desert.
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“Caught off guard,” they lament, as 10x Research reports on the whirlwind that took Bitcoin from lofty heights to sobering lows in mere weeks-both in speed and magnitude, leaving traders floundering in the wake of its rapid decline.
The ever-watchful eyes at 10x Research noted a curious spike in trading volumes for BlackRock’s IBIT Bitcoin ETF during this sell-off, lending an air of peculiarity to the whole affair. It seems that when Bitcoin stumbles, the institutional giants come out to play, hedging their bets while the rest of us hold our breath.
The trading volume peaks during this tempestuous time reached a staggering $10 billion daily-an unusual spectacle indeed! One can’t help but wonder if it was a concerted effort by the financial titans to orchestrate a grand ballet of buying and selling amidst the chaos.
The Asian Enigma
Meanwhile, the silver market has been performing a dance of its own, with gains chiefly manifesting during the Asian trading sessions. Oh, how the plot thickens! Such regional positioning casts a long shadow over the recent market movements and fuels the gossip mill regarding a beleaguered entity lurking in the vibrant streets of Hong Kong.
“Could it be?” they ask, “Is the downfall of Bitcoin merely a ripple caused by the distress or unwinding of this elusive hedge fund?” Yet, 10x Research, ever the voice of reason, urges a prudent pause before attributing the entire market crash to the whims of a single player.
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2026-02-13 10:57