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Bitcoin traders increase leverage longs even as crypto critics say BTC is a “pure Ponzi”

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cointelegraph.com

Bitcoin (BTC) price has tested the $16,000 resistance multiple times since the 25% crash that occurred between Nov. 7 and Nov.

9, and some critics will justify their bearish bias by incorrectly assuming that the failure of FTX exchange should trigger a much broader correction.It's kind of annoying me that Bitcoin is still selling for $16k-ish, even in the wake of all of this FTX news.

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