What’s going on:

  1. Today’s market pullback follows a big BTC surge—Bitcoin dipped ~2.3% after hitting an all-time high near $124K, dragging the broader crypto market down too .

  2. Over $1 billion in long positions got liquidated amid the drop, but analysts say it’s a healthy recalibration, not the end of the bull trend .

  3. Meanwhile, DeFi advocates are pushing the U.S. SEC for clearer rules—calling for a "safe harbor" that protects neutral DeFi apps from being treated like traditional financial providers.

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