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Bitcoin’s Fragile Rebound Follows $20 Billion Leverage Wipeout

Bitcoin’s modest recovery after Friday’s record crypto crash has done little to ease the fallout from over $20 billion purge of leveraged bets that left parts of the market incapacitated. The unprecedented washout erased months of speculative build-up and forced some funds out entirely, traders say.

Bitcoin’s modest recovery after Friday’s record crypto crash has done little to ease the fallout from over $20 billion purge of leveraged bets that left parts of the market incapacitated. The unprecedented washout erased months of speculative build-u… [389 chars]

Source: Bloomberg | Published: 2025-10-13T18:52:04Z

Credit: Bloomberg

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