BTC Market Stress Reveals a New Crypto Order
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Bitcoin’s slide under $90,000 looked like the start of a broad risk-off move, yet the market did not behave like it usually does in a deep BTC correction. Cross pairs stayed firm, and alt rankings barely budged.
In a note to CoinDesk, Enflux, a Singapore-based market maker, said the lack of price action that typically occurs during a deep BTC correction is the clearest sign that crypto is shifting from a liquidity-driven market to a fundamentals-driven one.
“Majors…
