Leverage longs #REKT 😭😭😭

In crypto, long-only ETFs have seen a net outflow of about 85mm in May, reversing the inflows seen in April though total AUM remains above most of 2H22 levels. Majors continue to trade heavily with BTC on the verge of breaking $27k and ETH $1.8k, leading to long liquidations, while meme-coins have staged a squeeze over the past 12 hours in otherwise very quiet markets.