Bitcoin’s slide to around $108.6K wasn’t one headline—it was positioning + macro. A wave of long liquidations hit as price dipped, pushing it lower. Spot-ETF buying cooled, so there was less support on the way down. A big options expiry week pulled price toward crowded strikes as dealers hedged. And with a stronger USD ahead of inflation data, risk assets softened. Net: a fast, mechanical move—no fundamental break.
Bitcoin’s slide to around $108.6K wasn’t one headline—it was positioning + macro. A wave of long liquidations hit as price dipped, pushing it lower. Spot-ETF buying cooled, so there was less support on the way down. A big options expiry week pulled price toward crowded strikes as dealers hedged. And with a stronger USD ahead of inflation data, risk assets softened. Net: a fast, mechanical move—no fundamental break.
In handing down the sentence yesterday, deputy judge Peter Hui Shiu-keung of the district court said that even if Ng did not post the messages, he cannot shirk responsibility as the owner and administrator of such a big group for allowing these messages that incite illegal behaviors to exist. A Hong Kong protester with a petrol bomb. File photo: Dylan Hollingsworth/HKFP. As of Thursday, the SUCK Channel had 34,146 subscribers, with only one message dated August 28, 2020. It was an announcement stating that police had removed all posts on the channel because its content “contravenes the laws of Hong Kong.” Click “Save” ; The public channel had more than 109,000 subscribers, Judge Hui said. Ng had the power to remove or amend the messages in the channel, but he “allowed them to exist.”
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