Cathie Wood Predicts Bitcoin’s Stabilization After $28 Billion Deleveraging Event

TLDR Cathie Wood links Bitcoin’s recent pullback to a $28 billion deleveraging event caused by a Binance software glitch. The October 10, 2025, “flash crash” had market effects, especially on Bitcoin due to its liquidity. ARK Invest believes the majority of the deleveraging event’s impact has passed, paving the way for Bitcoin’s recovery. Wood expects [...]

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