In 4 hours, $1.5 billion evaporated—longs buried with 12 million; Hayes dumps and Bitcoin’s “big pie” suddenly crashes for a double hit.

BTC-5.42%
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CryptoZeno
$HYPE dropped 11% in the last 4 hours, erasing over $1.5 billion in market cap and liquidating $12 million in longs.

The reason for this dump is likely sudden crash in Bitcoin and Arthur Hayes saying he fully dumped his $HYPE position.
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