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Bitcoin printed one of the largest ever daily candles to the downside on Thursday, sliding more than 15%, roughly $10,800, in a move that rippled through derivatives, spot venues, and the US Bitcoin ETF complex.
The scale of the drop is what made it stand out. Not just the percentage drawdown, but the mix of stress signals hitting at once: implied volatility spiking, volumes exploding, and momentum gauges collapsing into levels typically associated with forced selling rather than discretionary risk…
