Man, the crypto market has been under immense pressure lately—black swans are everywhere: an epic exchange hack, the Republicans losing the midterm elections, and Jensen Huang’s infidelity... Each one alone could be devastating. In the past, Bitcoin would’ve easily halved under such conditions, but this time it’s held strong at $75,000 for so long—bulls are really holding on against all odds. Just heard that even my longtime bull buddy, Magi Brother, has given up and pulled his funds. The future is uncertain—consider trimming your positions if you’re heavily leveraged. In the past hour, $292 million in total positions were liquidated across the network, with $222 million in long positions liquidated. According to Coinglass, $292 million in total liquidations occurred in the last hour: $222 million from longs and $70.18 million from shorts. ETH accounted for $121 million in liquidations, while BTC reached $89.41 million. bitcoin:native
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