Analysts says that the market crash in Hong Kong is being driven by regulatory not monetary policies, which is why the contagion has not spread to crypto.
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Bitcoin’s (BTC) $5.8B Quarterly Options Expiry May Spark Market Swings, Deribit Says
Bitcoin's max pain level for Friday's expiry is $59,000."The current max pain point of $59,000, approximately 8% below the spot...