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📉 Bitwise manager dissects a $20B Friday crypto sell-off

2025-10-12
A $20 billion drawdown hits crypto markets on Friday, prompting a postmortem from a Bitwise portfolio manager on the scope and sequence of the sell-off. The review considers what fueled the move and how it reverberates across major tokens and derivatives, offering context on market conditions, speed of the decline, and implications for participants assessing risk and positioning.
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