DiveInDefi
$XRP dumped 40% and already recovered 26%. I have seen this before:
Selloffs like this usually get a quick recover and then another retest towards the lows.
Tonight people sold their altcoins like the world is ending. All of this while BTC didn‘t even touch 90k
DiveInDefi
Capitulation
This is the first time I ever see funding rates being negative on Hyperliquid.
Forwarded from Alpha
For context, when Trump launched the tariff war in 2018, the S&P 500 (-12%), ACWI (-12%), China (-17%), and Bitcoin (-65%) initially dropped from march 2018 to sept 2018's intra-month low.
- US bullish on crypto
- US starts ecomomy war
- USD starts to pump
-> Everyone sells their crypto
- US starts ecomomy war
- USD starts to pump
-> Everyone sells their crypto
DiveInDefi
Look at this $ETH bottom. I have had this line (on the left), it just wasn‘t extended all the way. Was an obvious one. I wasn‘t able to look at the charts at these days because of a max pain moment where I just don‘t touch anything and hold. Beautiful…
Last time I memtioned max pain was the bottom.
I think we can argue that this was max pain for many today.
I think we can argue that this was max pain for many today.