Bitcoin’s (BTCA tight correlation to legacy markets is still a major problem, particularly as equity markets in the United States remain in a bear trend. The is on track for its eighth consecutive negative week and the S&P 500 is close to plungingInto the bearish market territory.

Alex Mashinsky CEO Celsius (CEL), believes the following: Wall Street Short Sellers are looking for any weakness in crypto companies to “short and destroy.” Mashinsky blamed “the Sharks of Wall Street” for bringing down (LUNA) and trying to destabilize (USDT) and Maker (MKR) and “many other companies,” including Celsius.