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🚨 $BTC dropped more than $2,600 in the last 24 hours after the SEC delayed plans related to tokenized crypto stock trading.
Market impact so far:
• $55B erased from Bitcoin market cap
• $500M+ longs liquidated
• Risk sentiment turned weak instantly
This is why headlines matter in crypto.
One major update can completely shift the market narrative within hours.
Feels more like panic and fear than actual structural weakness to me.
#TradfiTradingChallenge
#DailyPolymarketHotspot