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NEXO · 4w

Nexo suddenly underperforming market

It used to be that Nexo magnified what happened to the BTC price - in both upwards- and downwards movements. Now that seems to be no longer true. When BTC drops, Nexo drops 3-4x more. When BTC recovers, Nexo barely moves. What’s your theory? Did we lose all the whales with deep pockets since the dividend is gone?
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