The worst thing that can happen to the market right now is actually a peace deal.
A real peace deal gets you one 3% up day.
“Sources say a peace deal is very close” gets you a 3% up day every week.
Look guys, it's actually really straightforward, a bunch of people staked their ETH on the Ethereum blockchain to earn yield, except they didn't want their capital to be locked up, so they actually staked with a liquid staking protocol called Lido who provided them a liquid staking receipt token called stETH, except they decided to juice their yield further by depositing their stETH receipt tokens into a restaking protocol called Eigenlayer, except they didn't want to lock up their capital, so they actually restaked with a liquid restaking protocol called KelpDAO who provided them with a liquid restaking receipt token called rsETH, except they decided to juice their yield further by depositing their rsETH tokens into a lending protocol called Aave so that they could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero that was hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry
Some people never post photos online.
No selfies. No updates. No “look at me” moments.
In a world built for attention, their silence stands out.
Here’s what psychology says it really means:
there are so many of my friends who lost 90% of portfolio in last 2 months
i have been hit really hard as well and if i wasnt working a job i would be genuinely depressed
if any of you survived, feel very lucky cause you are the top 1%
CZ gonna tweet something like
I am very surprised by this pardon. I didn't remember I was convicted, I forgot about it. I didnt ask Trump for a pardon. I haven't heard the name "Trump" in years. I thought Biden was in power. I dont focus on this because I am focused on building. Keep building
INTEL: Oct 10 crash is the biggest liquidation event in the history of crypto reaching $19.3B
Followed by:
COVID crash: $1.2B liquidated
FTX crash: $1.6B liquidated