Institutional Bets and Market Whispers Fuel Crypto’s Volatile Slide
The U.S. stock and cryptocurrency markets experienced notable volatility in late August as the BLSH and ALTS indices declined, reflecting broader investor concerns over macroeconomic developments and institutional positioning. The BLSH index, associated with the Bullish exchange, dropped by 8.38%, while ALTS, a broader altcoin index, fell 5.63%. These declines are part of a larger trend in which Bitcoin and Ethereum have seen significant price corrections, with Bitcoin falling below $110,000 and Ethereum below $4,400, according to CoinGecko data [1].
The recent downturn in crypto prices coincided with a broader market correction. Over the past 24 hours, $446 million in long positions were liquidated across all cryptocurrencies, with a…
