Crypto Long & Short: Infrastructure is the prevailing currency in digital assets
CoinDesk·
60-second summary
Caue Teixeira argues that infrastructure is the prevailing currency in digital assets, regardless of which coin wins. Alen Pavlović from Liquibit Capital analyzes CoinDesk's liquidation feed, revealing June's forced selling peaked near $68,000 before bitcoin's actual bottom. This highlights the importance of infrastructure in the digital asset market, where it plays a crucial role in determining market stability and resilience.
In this week's Crypto Long & Short, Nonco’s Caue Teixeira makes the case that regardless of which coin ultimately wins, infrastructure is the prevailing currency in digital assets. Then, using CoinDesk's liquidation feed, Liquibit Capital's Alen Pavlović finds that June's forced selling peaked near $68,000, days before bitcoin actually bottomed.