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Bitcoin traders often treat old-coin movement as a sign that long-term holders are waking up. Coinbase’s $69.5 billion BTC migration suggests that signal may be less reliable than it looks.
SBF said the current downturn is a direct consequences of the Fed's decision to hike interest rates by such a high margin.
The Binance boss prefers to look at the positive aspects of an extended downturn, including hiring the best workers and acquiring companies for cheap.
