Friday’s flash crash reduced short-term risk appetite; it didn’t affect Bitcoin’s long-term potential, though it may have delayed a new all-time high by weeks or months.
Key takeaways:
Bitcoin’s resilience after Friday’s $19 billion flash crash shows long-term demand remains strong despite short-term risk aversion.
Derivatives traders remain cautious, with arbitrage opportunities and negative funding rates signaling heightened counterparty risk.
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