Bitcoin bloodshed as longs get rekt 🩸

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It’s rough out there right now. With Bitcoin dipping below $65,000 and other top coins cooling off, the bloodshed hit a peak last night as crypto liquidations over the previous 24-hour span neared $500 million. Most of those are long positions as traders’ bets on crypto prices rising turned sour.

Meanwhile, there’s plenty of buzz around the Solana meme coin DJT that’s rumored to be an official Donald Trump token, but that’s still pure speculation as of this writing. That hasn’t stopped people from trading over $400 million worth of the token over the last day amid a massive price spike.

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“We are not here to make promises or hype things up. We’re here to work.”

—Ryan Cohen, GameStop CEO, amid waning meme stock buzz

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