The mysterious reason behind the recent bitcoin sell‐off may have just been uncovered


The cryptocurrency has plunged nearly 30 percent in the last month, and more than 50 percent this year. But Tom Lee of Fundstrat may have just uncovered the reason behind recent weakness — or at least part of it.

In a recent note, Lee, the firm’s head of research, wrote that since the launch of Cboe bitcoin futures in December, prices have plunged leading up to expiration.

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