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Wu Blockchain·2026-01-27 19:00
Cathie Wood: $28 Billion Bitcoin Deleveraging Caused Heavy LossesOn January 26, 2026, speaking on Fox Business, ARK Invest CEO Cathie Wood explained that Bitcoin's recent pullback was caused by a $28 billion deleveraging event triggered by a Binance software glitch on October 10. She stated that the selling pressure is largely behind us and predicts Bitcoin will consolidate in the $80,000 to $90,000 range before ending the four-year cycle's downside and resuming its upward trend.Source: https://t.co/n6iNpWm ...