Che!

Technical Analyst & Pine Script Developer

[Che! @che_trader]

🧵1/4

I would like to share with everyone a @tradingview Indicator-
It tells us the difference in price between Spot and Perpetual Futures of any @binance @cz_binance asset.

https://t.co/4Eyp9lhE2U

[Che! @che_trader]

@mbeaudroit @belo_app Si transferis 1000 usd desde usa recibís 968 usdt?

[Che! @che_trader]

@TrendSpider $BTC

[Che! @che_trader]

@Stoiiic Awesome job!

[Che! @che_trader]

@GordonGekko Yeah

[Wise Advice @wiseadvicesumit]

🚨 WHY POLYGON HAS OUTPERFORMED RECENTLY

$POL has seen strong price performance over the past week & is currently up almost 40%, driven by fundamentals rather than speculation.

What's happening behind the scenes:
• Polygon ranked #1 by network revenue over the last 7 days
• On Jan 5, 3,012,457 POL were burned, the highest single-day burn in Polygon PoS history
• Activity reflects sustained on-chain usage

Additionally, Polygon’s CEO released a new strategic framework:

"The Open Money Stack, a vertically integrated on-chain stack covering applications, financial services, payments, and blockchain rails."

This positions Polygon as an infrastructure-focused ecosystem rather than a short-term narrative trade.

Price is still down 88% since ATH... do you see an opportunity here? 👀

[Che! @che_trader]

@Nebraskangooner 100%

[Che! @che_trader]

@rami_hashimi 10k usd would save me 🙏

[Che! @che_trader]

@evmcheb Hey! How are you? This app is great. But I see that it no longer works. Is this temporary or permanent? Thanks for you work

[ElonTrades @ElonTrades]

The Oct 11 Crypto Crash — What Really Happened

TL;DR:

Roughly $60–90M of $USDe was dumped on Binance, along with $wBETH and $BNSOL, exploiting a pricing flaw that valued collateral using Binance’s own order-book data instead of external oracles.

That localized depeg triggered $500M–$1B in forced liquidations, cascaded into $19B+ globally, and earned the attackers about $192M via $1.1B in BTC/ETH shorts opened on Hyperliquid hours earlier, but minutes before Trump tariff announcement.

It wasn’t a USDe failure!! It was Binance’s design flaw, timed with macro panic (Trump’s tariffs) for cover.

What looked like chaos was actually a coordinated exploitation of Binance’s internal pricing system, amplified by a macro shock and systemic leverage.

1️⃣ The Setup

Binance’s Unified Account let traders use assets like USDe, wBETH, and BNSOL as collateral.

Instead of oracle or redemption prices, Binance valued these using its own spot market - a major vulnerability.

On Oct 6, Binance announced a fix to move to oracle-based pricing, but rollout wasn’t until Oct 14, leaving an 8-day window.

2️⃣ The Exploit

During that window, sophisticated actors manipulated Binance’s order books, dumping ~$60–90M of USDe, driving it to $0.65 on Binance only (still ~$1 elsewhere).

Because the Unified Account marked collateral to internal prices, this instantly wiped margin value and triggered $500M–$1B in forced liquidations.

Then, Trump’s 100% China tariff headline hit, magnifying panic and liquidity stress.

3️⃣ The Profit Engine

The same day, fresh wallets on Hyperliquid opened $1.1B in BTC/ETH shorts, funded by $110M USDC from Arbitrum-linked sources.

As the Binance cascade unfolded, BTC and ETH cratered, those shorts netted $192M in profit before closing out at the bottom.

Timing, precision, and funding paths all suggest coordination.

4️⃣ The Contagion

Binance liquidations dumped BTC/ETH/ALTs into thin books.

Other exchanges mirrored the collapse through cross-market bots.

Market makers hedged across venues were forced to unwind everywhere.

Result: $19B+ global liquidations, with many alts down 50–70% intraday, all triggered by <$100M of manipulated collateral.

5️⃣ Who’s at fault?

Binance: design flaw + delay in oracle rollout = root cause.

Exploiters: executed and timed the manipulation, profited via external shorts.

Ethena (USDe): not at fault - protocol stayed 1:1 collateralized, redemptions normal, peg held everywhere else.

6️⃣ Aftermath

Binance admitted “platform-related issues,” promised compensation for affected margin/futures/loan users, and rolled out minimum price floors + oracle integration.

USDe remained operational, and the incident is now a case study in how exchange-side pricing errors can trigger system-wide liquidations.

Bottom line:
A ~$90M dump on Binance and a $1.1B leveraged short elsewhere sparked a $19B bloodbath.

Not a stablecoin failure, but a masterclass in exploiting flawed collateral valuation during peak macro stress.

[A @missoralways]

just gave away $10,000 in #BNB to 10 people

giveaway wallet address for everyone to verify:
0x2c5f5BFE7dE4ad56071DbAAC642bbe6564Ea239d

this is my way of showing gratitude for all the support and trust you guys have in me

many more wins to come

[Che! @che_trader]

@DarkCryptoLord Pleaseeee

[Che! @che_trader]

For reference, this is the most normal and what happens with 95% of the alts:

$BONK

——————————————————-
(BTC lower low and alts follow lower low)

[Che! @che_trader]

$PNUT It is making higher lows while $BTC has been making lower lows since February.

A very strong sign of strength

PNUT was listed on Coinbase and RobinHood in recent weeks.

Bullish PNUT

[Che! @che_trader]

This

[merp @0xMerp]

- BTC flirting with 80k, feels more progressively constructive by the day

- Massive economic uncertainty in the past weeks

- more likely to see resolutions than further escalation at this point

- negative catalysts have played out on many coins, insiders likely jeeted, supply overhangs lessening by the day

- probably good amount of short OI built up (haven’t even looked but way too much fear for OI to be skewed long)

- funding rates likely neutral or negative

- Asian equities potentially finding a bottom

- US equities hitting some green lines I’ve had on the charts for months

- any hint of substantial good news should push us up

TLDR - up is beginning to feel much more likely than down at this point

[Che! @che_trader]

@0xMrIncognito

[Che! @che_trader]

$WIF is in a very interesting area after falling more than 90% since the end of 2024

I like it very much in this zone

A long here with the idea that it will reclaim 0.55 in next days and not make new lows

If it makes new lows the idea is to re-long below 0.17

[Che! @che_trader]

@FrenOfYoda

[Che! @che_trader]

@CountryBitcoin

[Che! @che_trader]

@Se7e8

[Che! @che_trader]

$DF look so nice.

Holding strong in worst market condition and flipped trend long now.

I like this trade idea

RR 4-1, good odds for win this, gl all.