A new development is unfolding in the cryptocurrency world, centered around Justin Sun. Recently, Sun opened a significant long position in Bitcoin ($BTC ), which has now resulted in an $80 million loss. Adding to the turmoil, an old tweet of his has resurfaced, in which he mentioned discussions with German counterparts about selling BTC. This revelation is causing significant concern within the crypto community.

While altcoins have experienced sharp declines of 80-90%, Bitcoin itself has dropped by about 25%. There is growing fear of another exchange collapse similar to the FTX debacle, raising serious questions about the stability of HTX and the security of its users' assets. The current situation is creating a tense atmosphere, as the community anxiously watches for any signs of further instability.

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