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Standard Chartered warns of potential Bitcoin forced selling if prices dip below $90K
🚨BREAKING: Standard Chartered cautions about the risk of forced liquidation among corporate Bitcoin owners. Analyst Geoff Kendrick highlights that 61 publicly traded firms possess 673,897 BTC, which accounts for 3.2% of the total supply. There is growing worry that if Bitcoin falls below the $90,000 mark, it could lead to mass liquidations comparable to previous instances such as Core Scientific.
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AI Analysis
The warning from Standard Chartered and analyst Geoff Kendrick indicates significant risks within the Bitcoin market, especially among institutional holders. With 61 companies holding nearly 674,000 B...
AI Recommendation
Given these risks, it is advisable to proceed with caution. Investors should closely monitor Bitcoin's price, particularly as it approaches the $90,000 level. Diversification and risk management strat...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.