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Crypto Carnage: Bitcoin Plunge Triggers Half-Billion Dollar Long Squeeze as Memecoins Get Slaughtered
Crypto Carnage: Bitcoin Plunge Triggers Half-Billion Dollar Long Squeeze as Memecoins Get Slaughtered
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Blood in the streets as BTC’s 5% nosedive forces leveraged traders to cough up $500M—Dogecoin and Cardano lead altcoin massacre with 7% losses.
Traders who chased the rally got steamrolled by the oldest crypto rule: what goes up must come down. Especially when overleveraged degens treat the market like a roulette wheel.
Silver lining? At least the liquidations spared us another ’institutional adoption’ press release from some hedge fund manager who just discovered wallets.
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