Bitcoin Trading at 200-Week Moving Average, Major Systemic Collapse Unlikely: Bankless Co-Founder David Hoffman

BTC-3.77%
LUNA-3.66%
HYPE-7.26%
ZEC-15.62%
According to ChainCatcher, Bankless co-founder David Hoffman said that Bitcoin is currently trading at its 200-week moving average (MA), a level historically breached only during major systemic crises including Terra, Three Arrows Capital, and FTX collapses. Hoffman noted that current market risks from initiatives such as Michael Saylor's Strategy convertible bonds fall far short of the destructive scale of those cascading bankruptcies. He also disclosed his current holdings: NEAR at approximately $1.4 per coin, HYPE at $45, and ZEC at $560.
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