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Dzang Hylen
@dzanghylen
Yesterday, as the crypto market traded sideways and volatility tapered off. Since we hit publish on that article — the crypto market shed a cool $190B in total market value, wiping out hundreds of millions of dollars worth of leverage along the way.
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Dzang Hylen
@dzanghylen
(Leverage = loans that folks take out in order to buy more crypto — as prices drop, buyers are forced to sell their crypto to pay back their loans). Waking up to see all of the top 30 cryptocurrencies in the red is a pretty jarring site…but we’re still bullish!
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Dzang Hylen
@dzanghylen
Honestly... While gut-wrenching, this latest crypto market correction is right on cue (and light compared to previous bull cycles)
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