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@KobeissiLetter There was always high leverage, what’s changed is the lack of liquidity in every market. Theres literally no money in crypto causing anyone with over a bil to manipulate high money markets like btc and eth
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You can’t make this up:
Bitcoin just surged +$3,000 in 1 hour and reclaimed $90,000 as $120 million worth of levered shorts were liquidated.
Minutes later, $200 million worth of levered longs were liquidated, with Bitcoin now down to $86,000.
That’s a $140 BILLION swing in market cap in under 2 hours.
Leverage is out of control.

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@FerreWeb3 can someone suggest something that doesn’t have to do with switching countries
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