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…

hyperliquid leaderboard sorted by highest 24h LOSS

Lot of crypto folks asking me "What happened?"...

It's probably time to dust off the Taleb book 'Antifragile'.

The amount of Open Interest that has been taken off in one day is unreal. 15B -> 6B on hyperliquid alone, the real total number must be insane!…

Since we’re all taking about how exchanges functioned during yesterday’s nuke, let me tell you how I got liquidated on Binance.

I was running a pair trade, one long and one short position. As the prices started nuking, my margin got low and instead of partially…

Post Mortem - in totality across perps - i got liquidated for a good 8 figs. My biggest mistake was in not being paranoid enough.

So, here you are too.
In the end, you stayed. Somehow, you failed.

You made mistakes, this was supposed to be your last cycle, your final round, but here you are.
That friend of yours, the one who wouldn’t stop spamming “Solana shitters at 12k” , he doesn’t…

'the LORD gave, and the LORD hath taken away; blessed be the name of the LORD' — Job 1:21

yesterday's liquidation event is the most brutal i've witnessed in my time in crypto

i got wiped out on ALL my perps positions

literally everything

eight figures:…