TechFlow news, Zaheer Ebtikar, co-founder of Split Capital, said the recent aggressive sell-off is something he hasn't seen in years. He noted that Bitcoin's price volatility on August 5 wasn't nearly as severe. Although today's market pullback is broad-based, the scale of selling over such a short execution window is significant.
He pointed out that this kind of downturn feels reminiscent of the BitMEX era in 2019 or the Alameda liquidation waves in 2020/2021, especially given that other markets remain relatively orderly.
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