85 Million in liquidations in an hour. Market manipulation(fake tweet) and leverage ruins more traders once again.

I think by now we all know what happened. The #SEC's Twitter account was hacked and made to release a circular that the #SEC approved spot Bitcoin #ETF Gensler later had to come out on his own Twitter account to debunk the news, which is wild. But regardless of more regulation or not, crypto traders will continue to be crypto traders.
And thus these traders couldn't give up use of leverage which caused 85 Million in #Liquidations in the hour during the fake tweet incident.

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#beyoglu
#Sec #btc