In this week's Degen Digest: The $94K Bitcoin surge and why shorting low caps can destroy your portfolio 😱
What we're seeing right now:
▶️ $BTC and NASDAQ diverging for the first time in months
▶️ Gold correlation suggesting $BTC is finally being seen as "digital gold"
▶️ Low cap altcoins triggering devastating short squeezes (one token up 3X after delisting!)
▶️ Exchange manipulation tactics that benefit whales at your expense
Full analysis in this week's Degen Digest.
–– https://t.co/Su1XF1iyx7
https://t.co/50SHV7IqkA
Found this out yesterday that @justinsuntron connected his exchange's cold wallet to Trumpmeme's dinner register page.
Is this even legal? Wtf is this?
Fartcoin getting no major CEX listings was a blessing in disguise
trading volume exclusively flowing through its pump fun LP allowed it to grow thick unruggable liquidity
this is huge bc it allows whales to rest easy knowing their downside is limited
in this regard, it's a 1/1
After Binance's spot listing announcement, I took a slight loss on $mubarak. However, among the unlisted tokens—$siren, $koma, $why, $bid, and $f3b—the drop in $f3b was particularly puzzling.
If Binance had listed $broccoli714 under the spot name "$broccoli," $f3b would likely have been delisted from futures trading. However, since that didn't happen, the fact that a token with a market cap in the $5 million range could still be traded in futures was an unmistakable opportunity.
I've sold most of my holdings, but open interest remains high, currently at Open Interest = Market Cap × 2. I wouldn’t recommend entering right now, but continuous monitoring is necessary.
There’s a possibility that CZ might change his profile picture or post a tweet, or Binance could simply list the remaining BSC tokens on spot all at once, just like it did with multiple listings before.
https://t.co/IqA7jaOgRJ
https://t.co/4g3xOAtY65
binance listed futures for $aergo at 2024/09/10
and delisted aergo spot/futures just last month
and re listed aergo futures today
such a comedy. can't even laugh on this
🧵 BREAKING DOWN THE $OM COLLAPSE:
How a $9B "market cap" evaporated in 3 hours, crashing from $6 to $0.37 (94%).
This wasn't just a correction—it was the unmasking of one of crypto's biggest mirages.
@Sylphyroxyeris_ explains what REALLY happened behind the scenes... 👇
"With a bull market underway, the sustainability of $OM’s valuation remains uncertain. The involvement of market makers suggests they may be maintaining $OM’s price artificially, potentially to offload team allocations in the future."
–– @Sylphyroxyeris_, December 2024
$OM
Binance changed the max leverage/position size without any prior notice.
It would be great if you could at least give us a heads-up next time, @Binance.