A sudden $4,000 drop in Bitcoin and $400 million in liquidations highlights how leverage is dictating price action as traders debate the likelihood of a short squeeze. Policy and security developments, including Thailand's 0% capital gains tax on crypto and fresh claims tying the Lazarus Group to a $30 million exchange heist, are reshaping the risk calculus. Concerns over platform trust, from corporate signaling to revoked user perks, reinforce the need for clearer safeguards.
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