Crypto liquidations continue: Another 1 billion worth of levered crypto positions have now been liquidated in 24 hours. This brings total liquidations to -4.5 billion over the last 7 days. Interestingly, liquidations spiked by 300 million over the last 4 hours alone. It almost seems like a large player was liquidated today, leading to the Bitcoin drop into 91,000 at 3:00 PM ET. Wild times for crypto to say the least.(The Kobeissi Letter)