According to ChainCatcher, co-founder of Bankless David Hoffman, Bitcoin is currently trading around the 200-week moving average (MA), a milestone in history that has only been surpassed during major systemic crises such as the collapse of Terra, Three Arrows Capital, and FTX. Hoffman assesses that the current market risks from initiatives like Strategy's convertible bonds backed by Michael Saylor are far less destructive than the chain reaction of bankruptcies mentioned above. He also revealed his current portfolio: NEAR at approximately $1.40 each, HYPE at $45, and ZEC at $560.

BTC1.45%
LUNA1.29%
HYPE2.25%
ZEC13.12%
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