With the network being as strong as ever, I can only guess some (many) big spenders were borrowing to buy Bitcoin and are now selling to cut their losses. Which made sense when interest was low, however is now climbing. Let this be a lesson to anyone thinking about borrowing to stack sats. You can be cornered this easily into selling to cut your losses.
I see this said a lot around here, but they really are words to live by to ever have a happy life: Only invest with what you can afford to lose, no exceptions.
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