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Probably one of the most severe flushes I’ve ever seen on alts, I didn’t even imagine alts had this much leverage in them. It feels like someone got hit very hard and will see a large body float to the surface soon, reminds me a little of summer 2021.

Good…

6 views09:03

Coinlog

wow, no way

they reported 9bn earlier.

7 views14:39

Coinlog

8 views08:52

Coinlog

MORE THAN $19 BILLION IN CRYPTO POSITIONS LIQUIDATED IN THE LAST 12 HOURS

*The largest single liquidation order happened on Hyperliquid - ETHUSDT value $203.36M

*$10B+ liquidated on Hyperliquid
*$4.5B+ liquidated on Bybit
*Binance reported only $2.5B liquidations

*The actual total is likely much higher as Binance  only reports one liquidation order per second: CoinGlass

Some Estimates suggest between $30B to $40B has been liquidated

2.2K views14:00

Coinlog

https://x.com/SplitCapital/status/1976793067345637684

X (formerly Twitter)

Zaheer (@SplitCapital) on X

When the market turns like this, there’s usually a pretty straightforward playbook for the aftermath.

1) Market bleeds out and MMs are offline and start refilling by first taking out big spot and perp arbs on assets.

2) Once exchanges and API feeds are…

3.26K views08:18

Coinlog

https://x.com/0xdoug/status/1976850615621107743?t=rtMyB1ftHj2z9HrXL3NmbA&s=19

X (formerly Twitter)

Doug Colkitt (@0xdoug) on X

1/ Since a lot of people are waking up to see their perps positions closed and wondering what the hell “Auto-Deleveraging” means, here’s a quick and dirty primer.

What is ADL? How does it work? And why does it exist?

4.32K views13:31

Coinlog

https://x.com/defi_monk/status/1976816303533896174?t=6GYv3vVui-J4qYIHalnbnw&s=19

X (formerly Twitter)

MONK (@defi_monk) on X

The rough outlines of what happened today:

- Trump in the AM starts re-escalating tariff concerns after 5 months of acting normal and allowing the market to get comfortable w the TACO thesis. This is a pretty big deal

- Most people still assume it’s a nothing…

3.84K views08:25

Coinlog

https://x.com/Axel_bitblaze69/status/1976881572738744390?t=4FCGsD78JmmXfGf4buq-Ww&s=19

X (formerly Twitter)

Axel Bitblaze 🪓 (@Axel_bitblaze69) on X

I’ve lived through 2018, 2020, 2022… but this one felt biggest crash ever..

- $1T+ wiped
- $20B liquidated in under an hour
- Exchanges went down
- some stables depegged, chaos everywhere

Here’s what really happened and what I think comes next:🧵👇

2.99K views13:36

Coinlog

https://x.com/lebra1n/status/1976771894730019001

X (formerly Twitter)

Lebrain 🔸 BNB (@lebra1n) on X

I spent 3 years showing up every single day 24/7 I sacrificed everything from friends and family and health literally put swear blood and tears into this and in a matter of seconds everything is gone.
I have nothing to show for my work and and I will never…

1.58K views08:29

Coinlog

https://x.com/sjdedic/status/1976917857100288316

X (formerly Twitter)

Simon Dedic (@sjdedic) on X

My thoughts on yesterday’s crypto crash:

TLDR: We’ll be fine. We always are.

I’ve been in this industry for 9 years now, and I’d say I’ve really seen it all. The COVID crash, the $LUNA meltdown, the FTX collapse, you name it.

But what we witnessed yesterday…

3.19K views13:30

Coinlog

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