TechFlow, November 14 — Bitcoin fell further below the $100,000 mark after a wave of risk aversion swept through markets, prompting investors to withdraw nearly $900 million from funds investing in the token. According to data from CoinGecko, the crypto market remains under pressure. Data from CoinGlass shows liquidations continue, with over $1 billion in leveraged crypto positions wiped out in the past 24 hours. Max Gokhman, Deputy Chief Investment Officer at Franklin Templeton Investment Solutions, said: "The current sell-off is perfectly correlated with other risk assets, but given crypto's higher volatility, the magnitude is greater." He added: "Crypto's beta to macro risks will remain high until deeper institutional participation expands beyond Bitcoin and Ethereum." In the options market, traders are increasingly positioning for volatility. According to Nick Ruck, an analyst at LVRG Research, demand for neutral strategies such as straddles and strangles is rising. (Jinshi)
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