Yep, $428M in longs wiped. Brutal, but necessary. This is the market cleansing itself, shaking out the over-leveraged
Bitcoin Erases Election Rally as AI Stocks Plunge, $428 Million in Crypto Longs Get Wiped Out - Decrypt
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Bitcoin Erases Election Rally as AI Stocks Plunge, $428 Million in Crypto Longs Get Wiped Out Bitcoin plunged nearly 5% as AI stocks sank, Democratic midterm wins raised fresh policy questions, and forced liquidations erased a Wednesday rally that had been fueled partly by short covering.
