How Bitcoin Set Itself Up for This Sell-Off

How Bitcoin Set Itself Up for This Sell-Off
“Okay, so now what?” That was basically what the bitcoin market was saying over the past few weeks. Then a sell-off in the spot market over the weekend triggered several hundred million dollars’ worth of futures liquidations that helped to send prices plummeting further.Ever since the massive rally culminating in the all-time high of $68,990.90 on Nov. 10, prices came down and stayed south of $60,000 over for the most recent couple of weeks. Some of the hype, it seems, was related to the bitcoin futures exchange-traded fund (ETF) launch, and the subsequent letdown seems likewise to reflect a market…