💥BREAKING:
🇺🇸 PRESIDENT TRUMP SAYS THE US WILL BE THE "WORLD CAPITAL OF ARTIFICIAL INTELLIGENCE & CRYPTO."
YOU CAN’T BE BEARISH ON BITCOIN WHEN THE PRESIDENT OF THE UNITED STATES IS SAYING THIS.
🚨 BREAKING 🚨
🇺🇸 A Strategic Bitcoin Reserve Bill has just been introduced in Congress.
The proposal would allow taxes to be paid in Bitcoin — with zero capital gains tax on those payments.
This is MEGA BULLISH for crypto and a massive step toward mainstream adoption. 🚀
DARK POOL ALERT!
Some massive trades on major $BTC etf's over the last 24 hours guys.
Number 2 and 4 and both sweeps (they were desperate on time).
source: @volumeleaders
JUST IN: 100% win-rate whale again opens $BTC 13x and $ETH 10x long positions and increases $SOL 10x.
Overall, all positions now valued at $275 million with floating loss of $1.6 million.
The more you learn about the October 10th crypto liquidation, the crazier it gets:
First, crypto began selling off at 9:30 AM ET, well before the first tariff post at 10:57 AM ET.
At this point, many "whales" were already loading shorts in anticipation of a big drop.
Then, at 4:30 PM ET and 4:49 PM ET, a "whale" purchased over $23 MILLION of shorts.
Where it gets even more crazy is that longs were liquidated at a 7:1 ratio to shorts, also historically high.
This means that the vast majority (likely 80%+) of the 1.6 MILLION traders who were liquidated were levered long.
The "whales" then promptly sold shorts into the 5:20 PM ET bottom, just 30 minutes later, as volume crushed longs.
Volume was so strong that it led to the first EVER $20,000 candlestick in Bitcoin, a -$380 BILLION drop in market cap, before a V-shaped bottom as shorts were closed.
Not only was this the largest liquidation ever, it was 9 TIMES the previous record.
This event will be referenced for years to come.