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This analyst decodes the mystery behind Celsius’ crippling meltdown

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It is true the bear market is raining down on the entire cryptocurrency market. But the devastation has been more painful for some.

Celsius is certainly a leading highlight of the crippling crypto institutions that is rumored to be edging towards insolvency.Celsius had more than $8 billion lent out to clients and $12 billion in assets under management by May 2022, according to the company.

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