Forwarded from Shoal Research Hub
Cobie Reflects on Severe Altcoin Liquidations, Urges Focus on Conviction Over Leverage and Momentum
Source: https://x.com/cobie/status/1976788855006302686
Source: https://x.com/cobie/status/1976788855006302686
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Forwarded from Crypto News Aggregator by EXCAVO
🎢🧨 #BTC CQ: Trump was the catalyst, but leverage is the real fragility underneath it all.
Altcoin OI: -28.58B (-41%)
Bitcoin OI: -10.69B (-24%)
This is a Covid-19 style wipeout.
Altcoin OI: -28.58B (-41%)
Bitcoin OI: -10.69B (-24%)
This is a Covid-19 style wipeout.
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Forwarded from infinityhedge
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 in 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
*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 in 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
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i’m more of a btc maxi now
https://x.com/0x_kun/status/1976881017240928632?s=46&t=nluSw7cwYGx8zFxfoYi5Iw
https://x.com/0x_kun/status/1976881017240928632?s=46&t=nluSw7cwYGx8zFxfoYi5Iw
X (formerly Twitter)
Kun (@0x_Kun) on X
The worst daily crypto liquidation of all time by 4-5x and Bitcoin is over 110k and only 7% down for the 24hr period right now
If that doesnt tell you that the market structure is different today than before IDK what to tell you
Doesnt mean no drawdowns…
If that doesnt tell you that the market structure is different today than before IDK what to tell you
Doesnt mean no drawdowns…
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deja vu
back in aug 2024, i was wiped majority of my port during the yen unwind (https://news.1rj.ru/str/cryptomumbles/9580) and honestly i was quite rekt mentally as well
forced me to learn a lesson which protected me today (https://news.1rj.ru/str/cryptomumbles/10870)
took a long mental reset before i bounced back and started trading again, then came AI agents szn in Q4 in which i made it all back and more
when august came this year, i honestly felt some ptsd and went a bit more defensive thinking that something similar might happen again, but who knew that it would be 2 months down instead (i believe catching most offguard)!
today, its kind of a similar vibe
i lost a similar dollar amount as to aug 2024, but now its a manageable fraction because i've learned to take profits and manage risks after a scarring lesson
maybe we'll get a chance to run it back up again in the same pattern - a redemption after a bloodbath
point is, there will always be another chance, another opp, another way out
be optimistic long term in life and it finds a way to reward you, don't lose hope and always talk to close ones if needed
take a break, appreciate the beautiful skies, and little things in life because these have helped me tremendously (as stupid as it sounds)
secondly, remember to take the lessons learned to heart and to never repeat the same mistakes again
knowledge is not power until applied
just wanted to leave this here before i step away from the screens to take a break
then we'll go again
back in aug 2024, i was wiped majority of my port during the yen unwind (https://news.1rj.ru/str/cryptomumbles/9580) and honestly i was quite rekt mentally as well
forced me to learn a lesson which protected me today (https://news.1rj.ru/str/cryptomumbles/10870)
took a long mental reset before i bounced back and started trading again, then came AI agents szn in Q4 in which i made it all back and more
when august came this year, i honestly felt some ptsd and went a bit more defensive thinking that something similar might happen again, but who knew that it would be 2 months down instead (i believe catching most offguard)!
today, its kind of a similar vibe
i lost a similar dollar amount as to aug 2024, but now its a manageable fraction because i've learned to take profits and manage risks after a scarring lesson
maybe we'll get a chance to run it back up again in the same pattern - a redemption after a bloodbath
point is, there will always be another chance, another opp, another way out
be optimistic long term in life and it finds a way to reward you, don't lose hope and always talk to close ones if needed
take a break, appreciate the beautiful skies, and little things in life because these have helped me tremendously (as stupid as it sounds)
secondly, remember to take the lessons learned to heart and to never repeat the same mistakes again
knowledge is not power until applied
just wanted to leave this here before i step away from the screens to take a break
then we'll go again
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suicide stories are starting to surface
please check in on your friends 🙏🏼
please check in on your friends 🙏🏼
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Forwarded from Crypto Goodreads
X (formerly Twitter)
Jordi Alexander (@gametheorizing) on X
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!…
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!…
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zerebro dev Jeffy exposing CEXs and MMs
https://x.com/omedia_jyu/status/1976744159269855324?s=46&t=US8hdKu5FCAqApEd0gFyVQ
https://x.com/omedia_jyu/status/1976744159269855324?s=46&t=US8hdKu5FCAqApEd0gFyVQ
X (formerly Twitter)
Jeffy Yu (@omedia_jyu) on X
if you wanna know how we were being handled by these companies when building zerebro
@binance asked for $1mil cash to list
i honestly don’t even think @cz_binance knows his listing team is cabaling devs,
esp since he was locked up still
think we paid…
@binance asked for $1mil cash to list
i honestly don’t even think @cz_binance knows his listing team is cabaling devs,
esp since he was locked up still
think we paid…
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Forwarded from Mlm onchain
You guys have probably seen this post:
https://x.com/eyeonchains/status/1977071983172231507?s=46
I think there’s a chance it could be him, but why would he publicly dox himself using an ENS? Also, why would CZ even care enough to “post” this to check validity? He should already know who it is, since they’re using Binance. Why would some random salaryman working at various projects be sitting on multi-billions in BTC?
https://x.com/eyeonchains/status/1977071983172231507?s=46
I think there’s a chance it could be him, but why would he publicly dox himself using an ENS? Also, why would CZ even care enough to “post” this to check validity? He should already know who it is, since they’re using Binance. Why would some random salaryman working at various projects be sitting on multi-billions in BTC?