Carl™

we are what we repeatedly do

[Carl™ @CryptoCarlTM]

@gaurav_mahto18 @Google @GeminiApp @OfficialLoganK @Replit @amasad portfolio

[Mr. Anderson @Truecrypto]

Last Friday delivered one of the worst altcoin wipeouts in crypto history, and the post-mortem of it has been a whisper.

When LUNA blew up, it owned the news. When FTX collapsed, it ruled the cycle. When we had our COVID crash, Crypto Twitter couldn’t stop talking about how we almost went to zero and what saved us.

But this time, a week later, there’s near silence. Instead, we’re told it was just a tweet. That’s not serious analysis. Yes, late Friday, Trump dropped a trade-war headline after U.S. markets closed: 100% tariffs on China and new export controls. That was the spark.

But a single tweet doesn’t send alts down 70% in minutes or vaporize entire portfolios within an hour.
The violence came from structure, from a breakdown deep in crypto’s plumbing.

During the flush, Ethena’s synthetic dollar, USDe (ticker USDe), printed as low as $0.65 on Binance while holding near $1 on other venues. This wasn’t a global depeg. It appears to have been a Binance-local pricing failure, an oracle and order-book divergence that instantly slashed collateral values for users on Binance’s unified margin system.

When your collateral is repriced that far down on a single venue, everything built on it collapses.

On Binance’s unified / cross-margin system, traders can post multiple assets, including USDe and wrapped tokens, as collateral across all their open positions.

When Binance’s feed suddenly marks USDe at $0.65 instead of $1.00, the user’s collateral value shrinks, maintenance ratios blow up, and the liquidation engine begins selling their other assets, often high-beta alts, into an already collapsing market.

Those forced sells push prices lower, triggering more liquidations across the exchange and, through arbitrage, across the entire crypto market.

Example:

Imagine a trader with $200,000 total equity.

$50,000 in USDe collateral

$150,000 in long altcoin positions

Binance marks USDe at $0.65, so that $50,000 becomes $32,500; In this case, $17,500 in margin cushion vanishes instantly.

The system detects the shortfall and auto-liquidates part of the alt positions to rebalance. Those sells slam into thin order books, driving alt prices down another 20–30% almost instantly.

Now the trader’s remaining alts, which weren’t yet liquidated, are worth even less, cutting collateral ratios further and triggering the next round of liquidations.

Each liquidation dump pushes prices down for everyone else using the same assets as collateral, igniting a chain reaction. By the time the loop finishes, hundreds of millions in positions are forcibly sold, and the cascade becomes self-fueling, a liquidation spiral that consumes everything in its path.

What started as a local pricing glitch becomes a global liquidity collapse.

Arthur Hayes @CryptoHayes summed it up perfectly: “USDe didn’t depeg. Binance did.”

The Ethena protocol remained solvent and over-collateralized. The problem was the venue’s internal feeds and book structure under stress.

When an exchange values collateral based on its own shallow order book instead of a broad market reference, small cracks become sinkholes.

This doesn’t absolve Ethena, any asset printing 35% below peg, even locally, shows fragility. But this wasn’t another LUNA.

It was a mechanical failure, a venue-specific collateral mispricing colliding with excessive leverage and opaque cross-margin rules. The result was one of the largest liquidation waves in crypto history, nearly $19 billion in forced unwinds within 24 hours.

That doesn’t happen from headlines. It occurs when margin engines and oracles fail under stress.

Binance has since promised to compensate affected users and rework how wrapped and synthetic assets are priced. That alone is an admission something broke. And yet, this event has been largely swept under the rug thus far.

We’ve seen bigger macro shocks before: Liberation Day, COVID, and even FTX contagion, yet none triggered alts to implode 70–99% in an hour.

This wasn’t fear. It was faulty design.

One venue’s pricing feed dislocated, collateral collapsed, and liquidation engines spread that contagion everywhere. The industry’s core issue is now undeniable: Too many opaque, venue-specific risk systems govern leverage, collateral, and liquidation.

When one breaks, the entire system pays for it. Design flaws, not tweets, keep blowing up the market.

If this reconstruction is wrong, then @binance and @cz_binance should publish the data:

Which feeds broke and when?

Which collateral assets were hair-cut, and how many users were liquidated? How is the compensation being calculated?

And @ethena should release a venue-by-venue chart showing USDe pricing, redemptions, and hedging during the event, to prove solvency and pinpoint where the break occurred.

Roughly $19 billion didn’t vanish into thin air. People were liquidated, portfolios erased, and careers ended because the pipes broke. If this wasn’t the cause, prove it. If it was, fix it.

Because headlines aren’t destroying crypto, it’s being destroyed by its own infrastructure.

This can’t be another story buried under “macro fear.” The silence is the loudest signal of all.

Systems failed. Users paid the price. And the industry owes them an explanation.

If we don’t fix the plumbing now, the following “tweet” could light the same fuse, and eventually, there might not be much left to save.

Because if a tweet can burn $19 billion, it’s not the tweet that’s the problem; it’s the system.

[Carl™ @CryptoCarlTM]

@godeLives 1

0xBBBdf5ED7877Fc20460c536D4ffF5987f1ee7397

[Carl™ @CryptoCarlTM]

@truecrypto $238K 😊

[Mr. Anderson @Truecrypto]

This could be the most important trading-related post you'll ever read:

The 6 Stages of a Trader

Understanding these stages can show you where you are now and where you need to be.
(Thread👇)

[Mr. Anderson @Truecrypto]

Whatever happens in your life, take responsibility

Never whine, never complain, never try to justify yourself

If you don’t like something, change it. If you can’t change it, change your attitude

A positive attitude is a person’s passport to a better tomorrow.

[Mr. Anderson @Truecrypto]

The crowd gets it wrong at key moments.

At market tops, everyone is overly optimistic, assuming prices will keep rising forever. At bottoms, fear takes over, and people believe the decline will never end.

Be skeptical when euphoria is at its peak.

Be doubtful when panic is everywhere.

The best opportunities come when emotions blind the herd.

[Mr. Anderson @Truecrypto]

#BTC

Bearish every moment from $66k to $16k

At $16k I dropped an hour-long video letting you know we were going straight back to ATH

I’ve been Bullish every moment since while telling you we would have 6-months of sideways at ATH’s

Follow me b/c we are just getting started!

[Carl™ @CryptoCarlTM]

@truecrypto @LomahCrypto @Bluntz_Capital @MuroCrypto If I would ever have to make a choice to follow just one person on X, that would be @truecrypto

That is it, that's the tweet!

[Carl™ @CryptoCarlTM]

@truecrypto My trading journey, which has spanned many years, would have ended long ago if not for your invaluable, selfless, and continuous mentorship. I am deeply grateful for the guidance you provide to all of us! Thank you, sir!

[Mr. Anderson @Truecrypto]

#BTC 100% TRUTH👇

I know this guy who, at $20k, said we would go down to $4300 (we went to $3100)

At 3k, he called for a straight shot to $14k which occurred, at $8k he called for $69k (bullseye)

AT $66k, he said, "see ya at $20k or lower."

At $15k, when FTX had just crashed and everyone claimed it would take YEARS to recover, he said "That was itm, The accumulation just finished; see you back at $69k."

Along the way, at $34k, he gave called for a cycle min top of $99k and a potential max top at $238k

At $73k, he said we need 6-months of sideways to shake out the weak hands and that we would see a massive Wyckoff Reaccumulation pattern.

After 6-months, at $53k he said, Your patience has paid off, it is GO TIME, and we have been straight up ever since

Every single bit of this is factual and documented publicly through posts and videos. I have made wrong calls as well, but NONE as they pertained to significant directional change and none regarding the absolute key of DIRECTIONAL BIAS

The hilarious part is that I haven't seen much growth after getting shadow-banned before @elonmusk took over, and the truth is you become far more popular when you are ALWAYS wrong b/c being right is usually the unpopular opinion when it is made.

I have also pointed out MANY FRAUDS and LARPS along the way to help people from being misled.

The good news is this... I'M NOT LEAVING!

THIS RUN HAS JUST BEGUN, AND I WILL LEAD YOU TO THE PROMISED LAND AGAIN. You will know the run is over because I'll tell you it is over.

I have BIG things coming, and as always, they will all be provided for free, so feel free to follow me and join the winning team so that we can all make it together!

[Carl™ @CryptoCarlTM]

wen cats meow, you should listen!

[Tim Ferriss @tferriss]

Avoid these 9 mistakes 👇

1. Losing sight of dreams and falling into work for work’s sake (W4W).

2. Micromanaging and e-mailing to fill time. Set the responsibilities, problem scenarios and rules, and limits of autonomous decision-making—then stop, for the sanity of everyone involved.

3. Working where you live, sleep, or should relax. Separate your environments—designate a single space for work and solely work—or you will never be able to escape it.

4. Not performing a thorough 80/20 analysis every two to four weeks for your business and personal life.

5. Striving for endless perfection rather than great or simply good enough, whether in your personal or professional life. Recognize that this is often just another W4W excuse. Most endeavors are like learning to speak a foreign language: to be correct 95% of the time requires six months of concentrated effort, whereas to be correct 98% of the time requires 20–30 years. Focus on great for a few things and good enough for the rest. Perfection is a good ideal and direction to have, but recognize it for what it is: an impossible destination.

6. Blowing minutiae and small problems out of proportion as an excuse to work.

7. Making non-time-sensitive issues urgent in order to justify work. Focus on life outside of your bank accounts, as scary as that void can be in the initial stages. If you cannot find meaning in your life, it is your responsibility as a human being to create it, whether that is fulfilling dreams or finding work that gives you purpose and self-worth—ideally a combination of both.

8. Viewing one product, job, or project as the end-all and be-all of your existence. Life is too short to waste, but it is also too long to be a pessimist or nihilist. Whatever you’re doing now is just a stepping-stone to the next project or adventure. Any rut you get into is one you can get yourself out of. Doubts are no more than a signal for action of some type. When in doubt or overwhelmed, take a break and 80/20 both business and personal activities and relationships.

9. Ignoring the social rewards of life. Surround yourself with smiling, positive people who have absolutely nothing to do with work. Happiness shared in the form of friendships and love is happiness multiplied.

[Alex Krüger @krugermacro]

Help others without expecting anything in return. That is the way.

[Carl™ @CryptoCarlTM]

@EtherSchtroumpf check out also these $BEAM @BuildOnBeam ecosystem low-caps. #GameFi will be huge this last cycle

https://t.co/AvG2HdvLUY

[Gödel afk @godeLives]

6 Low-cap/games in the $BEAM 🌈 ecosystem:

‣ 🎮 | $DOMI ⬩ 𝟑𝟕𝐦$ 𝐜𝐚𝐩 ⬩
Thread 1: https://t.co/4UiwsmupZI
Thread 2: https://t.co/IRfJc4QXRe

‣ 🎮 | $RST ⬩ 𝟑𝟑𝐦$ 𝐜𝐚𝐩 ⬩
Thread 1: https://t.co/3LXYuIjGXp
Thread 2: https://t.co/8PxYXPMbIG

‣ 🎮 | $WEAPON ⬩ 𝟏𝟏𝐦$ 𝐜𝐚𝐩 ⬩
Thread 1: https://t.co/YPgf1aQhDb
Thread 2: https://t.co/TxCZNvYNQl

‣ 🎮 | $GOB ⬩ 𝟑.𝟖𝐦$ 𝐜𝐚𝐩 ⬩
Thread 1: https://t.co/l4XjHk1JpC
Thread 2: https://t.co/pIJ6aF49eV

‣ 🎮 | $ASG ⬩ 𝟏.𝟖𝐦$ 𝐜𝐚𝐩 ⬩ *
Thread 1: https://t.co/tB0fPe3pZQ
Thread 2: https://t.co/JuugnJDars

‣ 🎮 | $CHUNKS ⬩ 𝟎.𝟔𝐦$ 𝐜𝐚𝐩 ⬩
Thread 1: https://t.co/2JNIOJNRsh
Thread 2: https://t.co/cnf5pqfa3r

* Will be porting to beam as 2nd chain (TBA).

Disclaimer:
There will always be more risk w/ low caps.
Don't be an idiot.
NFA

[Gödel afk @godeLives]

As many know I'm very bullish on Web3 gaming & its application in crypto ,

A recent post by @ZssBecker motivated me to highlight a few reasons why I think @MeritCircle_IO , bootstrapped by their upcoming @BuildOnBeam may be a perfect horse to ride into the next bull market.

/1

[Carl™ @CryptoCarlTM]

@Pentosh1 @AltcoinPsycho Nice, @MeritCircle_IO $beam ticks all the boxes

[Carl™ @CryptoCarlTM]

@ZssBecker keep an eye on @BuildOnBeam and games which are launching on this network!

[Carl™ @CryptoCarlTM]

@BuildOnBeam Hackathon teams probably can apply for Avalnce "Codebase" as well!

https://t.co/2ek1EoQK9x