The largest liquidation event in crypto history.
In the past 24 hours, 1,618,240 traders were liquidated, with a total liquidation amount of $19.13 billion.
The actual total is likely much higher — #Binance only reports one liquidation order per second.
https://t.co/f0VPaCPDsd
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 reminder to myself to own things that I am actually bullish on, and not things I am trying to shift on momentum. Some charts look like they’ll never recover, whereas some things look buyable for the first time in a while.
When everyone is making hilarious amounts of money I am always tempted to start using leverage again. It is almost impossible to fight the feeling that you’re not making enough, or everyone else is outpacing you. Good reminder that fighting that feeling and avoid the wipeouts is worth it in the end.
Check on your friends, likely a bad day for many.
Personally, am concentrating my bags into the things I am happy to own for the next few years, and shedding the fat. Realised I own some assets based on not wanting to miss out, rather than on some actual thesis. Days like today are much easier for me if I think my bags will bounce back, and much worse if I’m losing money owning things I don’t even believe in.
Don’t let a leverage blowup dictate your long-term views. The future is bright, good things to come, patience is rewarded.
嵐の後
Silvers rally might be a hint.
Time to liquditate longs I guess.. Not for silver and gold, but everything else incl. Crypto.. We'll see what happens in the near future.. Be careful.. Feels like there's something brewing
Stay safe
THIS GUY JUST SHORTED $420M OF BITCOIN ON HYPERLIQUID
He deposited $80M of USDC and leveraged it over 5x to short BTC. He also sent $50M to Binance, where he is likely doing the same activity.
This whale is betting on a massive DUMP.
Silvers rally might be a hint.
Time to liquditate longs I guess.. Not for silver and gold, but everything else incl. Crypto.. We'll see what happens in the near future.. Be careful.. Feels like there's something brewing
Stay safe
HOT TAKE: Any alt-coin that was launched after 2017 HAS NEVER EXPERIENCED a full blown alt-season YET.
Let me explain:
People's perception of tokens based on age has been seriously skewed because so many think that 2021 was the "last cycle top" and that we are now in a "new cycle" so they think anything that didn't pump at the end of 2021 is a "dino coin" and/or "dead".
Reality, imo, is that the last cycle top was in 2017, and so any coin made AFTER this time (like $TRAC which launched in 2018, $CRV, $CVX and so many others) has NEVER existed in an end-of-cycle post $BTC blow off top environment, which is when the BIGGEST gains are had on alts across the board.
So you can't count these alts out or make assumptions about their performance while comparing it to what we saw in 2017 because up until now we haven't seen a similar environment/context to 2017 YET.
That environment/context will be similar in the coming months, once $BTC has seen it's blow off top and completed its full 5 wave cycle that began at 3k in 2018.
At THAT point in time, many alts that have never existed in a full blown alt season environment will experience it for the FIRST TIME, and we will see pumps that your mind can't even comprehend if you joined this space post 2017.
IF I HAD $100 WHAT WOULD I INVEST IN?
I WOULD BUY MORE SILVER COINS.
Silver has been manipulated for years.
In September 2025 Silver is about to explode. I predict your $100 in silver will be $500 in a year.
I am buying more tomorrow.
Please do not miss silvers explosion.
Take care.
@WallStreetMav Wrong: Nuclear exit caused tripled power prices.
Correct:
Nuclear was only ~6% of supply
Merit order links prices to costly gas
Taxes, grid fees & EEG surcharge drove bills
High prices = market design + gas shock, not nukes.
Dogecoin now worth 40B while trading at .28 after hitting an ATH of .74.
Price of $CRV and $CVX at the same 40B marketcap:
$CRV = $30.67 (currently .96)
$CVX = $515 (currently $4.42)
Don't tell me my targets are unrealistic.
$CRV to double digits.
$CVX to triple digits.