Bitcoin Price Falls 30% from October Peak, Triggering Losses for Leveraged Traders

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According to Bijié Wǎng, Bitcoin's anticipated rebound has not materialized, with the price dropping nearly 30% from its October peak of $126,000 and breaking a key support level. This has caused unease among ETF investors, while leveraged traders who bet on a rebound now face expanding losses and the need to fund their losing positions.

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