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Today’s dump makes absolutely zero sense.
Bitcoin nuked 5K in 3 hours
210B evaporated from the total market
700M liquidations
And for what
No FUD
No Trump tweet
No stock market bleed
No bad macro
No nothing
This wasn’t “market reaction”
This was straight up leverage cleansing
A clean up operation
A wipeout
A reset
Someone pulled the plug to harvest your liquidation price
Welcome to crypto