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Divine Intelligence, etc

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Are You Underwater on Your Crypto Loans?

Bitcoin went from 65 to now the last time Alameda was 17. That's a, you know, we're talking about a massive drop. My understanding is that there were a very significant number of people who were paying their daily expenses by barring against their crypto positions as it rose. I just think there's a world of hurt going on related to borrowing to play in that market.

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