Bitcoin price holds its ground in the wake of CFTC case against Binance
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The price of Bitcoin (
What doesn’t kill you makes you stronger
The fact that derivatives indicators were barely impacted could be the “remote misses” effect as analysis and pundits evaluate the odds of Binance and CZ getting anything more than a million-dollar fine and some term of conduct adjustment.
This type of psychological distortion was first observed in London during WWII, when survivors who did not face imminent losses became even more confident and less likely to feel traumatized.
It appears unlikely that the market will price in higher odds of extreme volatility until those whales and arbitrage desks face more than a 3.5% price correction.
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