BREAKING: World's largest crypto exchange Binance hacked with over $5.6 billion stolen:
• $1.45 billion $BTC
• $875 million $ETH
• $234 million $TRX
• $50 million $XAUT
• $1.57 billion $USDT
• $823 million $USDC
• $75 million $WBETH
• $88.5 million $RLUSD
+ $447.5 million additional cryptocurrencies
This is the largest hack in crypto history.
2019 September Market Breakdown
2020 March Covid Crash
2021 May Crypto Liquidations
2021 Nov BTC drop
2022 April - June 3AC / Luna
2022 Nov FTX collapse
2024 April Alt Liquidations
2025 Rektober
This won’t be the last time we witness a significant liquidation event.
Many have taken hits before, as many did overnight, and many more inevitably will in future cycles.
The crypto market is unforgiving, yet it remains one of the greatest teachers.
Every setback, no matter how severe, holds a lesson that helps you evolve, if you’re willing to listen.
Survival - its tough, but thats what it ultimately comes down to.
The $10B liquidation figure floating around is fake, the real number is likely much higher, somewhere in the $30B–$40B+ range.
On Hyperliquid alone, nearly $7B was liquidated. Here’s the full breakdown for anyone interested:
Total liquidations since 20:45 UTC:
- Total Value: $6,702,223,168.08
- Total Backstop: $4,352,720,741.58
- Total Market: $2,349,502,426.49
Breakdown by asset (top 10 by market):
- BTC: $781,848,860.51
- ETH: $539,690,395.94
- SOL: $246,037,906.19
- HYPE: $116,710,437.27
- DOGE: $76,753,273.71
- ASTER: $76,606,241.66
- XRP: $73,144,750.79
- XPL: $43,076,401.99
- ENA: $32,104,013.63
- PUMP: $30,501,142.72
All data is sourced from the Liquidations Telegram. The channel was deleted mid-crash for spamming, but since they log everything separately in their own database, the full dataset is still available.
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
Been listing all these potential (local) top signals since last week.
Obviously these things can often go on for longer than you'd expect, but with every new day, new things popped up that corresponded with previous (local) tops.
Too many of these factors for too long, usually ends up with a flush of leverage, degeneracy and froth in the market.
Part of this list was also to take track of how long it would approximately take for these factors to actually turn into a reversal for the market.
Seems like ~2 weeks on most of these was about the time it took before the craziness really got too crazy in this instance.
I suspect we're going to be seeing more of these kind of periods as the bull run goes on. Generally I do like taking profits and slowing down on the leverage once we start checking a lot of these things.
Then wait for the flush, reallocate as people think the bull market is over, rinse & repeat.
Yes, this is in hindsight now but I've been speaking my concerns daily in @TheCryptoHounds where this list was posted & updated daily.
Still relevant for future referance in my opinion as these are the same things we keep seeing every time the market overheats.
Consider bookmarking 🔖 this tweet to look back on the next time we see the market shape up in a similar way.
Good luck out there ✌️
Did you miss the $JTO, $JUP and $PYTH airdrops?
People made $15,000+ this week.
If so, don't worry - because Solana airdrop season is only just getting started.
🧵: Your ULTIMATE guide to getting Solana ecosystem airdrops (mega-thread).👇
🏦📉 SVB Crash Explained📉🏦
Silicon Valley Bank—#16 largest US bank with $212B — just crashed 60% in 1 day & fell 22% post-close. Stock halted now.
@BillAckman is calling a US gov bailout.
@peterthiel is calling a bank run.
JPM, BAC, WFC all dropped 6%.
What's next?
Is this (a) Lehman moment or (b) overblown?
Are depositors screwed or just equity investors?
And what do the terms "AFS", "HTM", "NII", & "FDIC Insurance" actually mean?
👇THREAD ON SVB
🧵/
1/ Why did the price of $BTC/$ETH suddenly rise today?
We found that several funds/institutions poured nearly $1.6B into the crypto market since Feb 10!👇