Unit economics inflect, institutional capital shows up onchain, and market structure continues to evolve

Capital gets selective

Original article | Odaily Odaily(@OdailyChina)
Author｜Golem (@web3_golem)
On the evening of December 15th, Bitcoin experienced another flash crash, plunging from $89,000 to around $85,000, approaching the low of $83,822 on December 1st. Accompanying the plunge, the market's Fear & Greed Index fell to 21 (extreme fear).
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