Hashdex Bitcoin Futures ETF | 10-Q: FY2025 Q3 Revenue: USD 917.64 K

Cryptocurrency bear market reappears: One month erases annual gains, total market value plummets 20% from peak

This rapid decline began with the sudden liquidation of approximately $19 billion in leveraged positions, severely impacting market confidence. Analysts believe that the latest drop is partly driven by concerns over the "serious overvaluation of AI stocks." Bitcoin is expected to record its worst weekly performance since March and has fallen below the key support of the 200-day moving average, which it has maintained since the bear market of 2022