Tommy

Bygg & Crypto Solutions

[Genuis Health 💊 @GenuisHealth]

LOSE fat by sleeping

[Tommy @ts79as77]

@Bybit_Official This was a short position on LYNUSDT.
@StackerSatoshi @Jamyies thanks for helping bring attention to this case

[Tommy @ts79as77]

@Dziewczynka_z_ Celujemy w wypełnienie 2W i 3W FVG na 88.5K. Jeśli rynek tam zejdzie, to bardzo możliwe, że zamknie też pełny tygodniowy FVG na 86.4K 🧐
Jeśli pojawi się bearish FVG, to będzie to mocny sygnał potwierdzający bessę. 30k w grze!🤑

[Tommy @ts79as77]

@realcryptoface 😉

[Tommy @ts79as77]

@StackerSatoshi BTC going to monthly FVG ;)!

[Tommy @ts79as77]

@themarquides @Dziewczynka_z_ miesieczny FVG

[Tommy @ts79as77]

Check out my #ETHUSDT.P analysis on @TradingView: https://t.co/bWrYCKnFyo
Monthly ETH/USDT chart shows a large triangular pattern that has been broken, and the price could reach 40K. Is this possible? What do you think?

[Dom @traderview2]

The collapse of $OM was unlike anything I’ve witnessed over my 8 years in this market. Out of pure curiosity, I spent nearly 10 hours dissecting the data, trying to piece together what went down

If you missed my initial breakdown of the crash, be sure to check it out below

Let me preface this by saying I never owned any $OM, but it was included in my "top gainers since the election" analysis multiple times over the last few months as it was hard to miss.

I have no idea what was behind the strong rally over the last few months, so keep in mind this rundown is only focused on what occurred on April 13th and is purely my own opinion.

With that said, here’s my final take on how the $OM meltdown unfolded:

The first -10% move to the $5 range was mainly due to moderate sell pressure from OKX spot market which started around 16:00 UTC with nearly 4M USD of $OM net market sold.

This move wasn't that abnormal and seemed orderly based on spreads across spot and perp markets.

So my focus remained on what caused $5 to break around 18:28 UTC, when things start really getting out of hand.

This was due to an entity(s) on Binance perp market. That's what triggered the entire cascade and the below chart proves that very well.
The blue line is Binance perp market and we can see the initial drop below $5 was triggered by a ~1M USD short position being market sold.

This caused over 5% of slippage in literal microseconds. That was the trigger. This seems intentional to me. They knew what they were doing.

Every 5 or so seconds after that initial short, more ~1M USD sell clips came in, which could of been more shorts being opened at market OR long positions getting liquidated.

This was the driving forcing behind the $5.00 - $2.50 move that occurred in less than a minute.

The next chart plots a premium/discount of the prices across OKX spot/perp market, Bybit spot/perp market & Binance perp market using Binance spot market as the baseline.
We can see how all markets were very in line up until the first 1M USD short clip from Binance perps.

The purple line being Binance perps, further confirms this idea as they were the first market to see a strong discount compared to the other markets (due to the vast sell pressure on the orderbooks).

But then we can see what happened shortly after, OKX spot market saw a near -20% discount compared to the other markets (more on this at the end).

The last visualization further proving Binance perps was the main driver behind the -50% move in under a minute is below.
This chart plots triangles based on the SIZE of the orders across all 6 markets included.

It's very obvious to see who dominated by a large margin, Binance perps.

Thanks to @ltrd_ for filling in last this missing piece about OKX, be sure to check out his top level breakdown of this event

-> https://t.co/6vgnhJaRmH

So after price reached $2.50, we saw odd behavior on OKX spot market, as seen two plots above.

There was a limit seller that popped up with multi million dollars worth of $OM, effectively keeping the OKX spot price pinned around ~2.40 for over a minute, all while the prices of other markets rose to $3+.

I believe this was the main driving force of the last part of the sell off below $2.00, along with just general sell pressure due to the coin already being down -50%

The last plot below gives a good view of this, each time the purple line was flat, there was a sitting sell wall that traders were "buying into" trying to arbitrage the difference in pricing across the markets.

The green CVD line effectively gives a good idea of the amount that being "bought" into this massive sell wall.
This partly explains why we saw "aggressive buying" on OKX, it seems most likely to be algorithmic bots trying to arbitrage the price differences.

Here's the post where I referenced this "aggressive buying"

-> https://t.co/AjPXdvfbuN

It still however doesn't fully explain the behavior here, and it's the one part I don't have an answer too.

You would think panic market selling would overpower any market buying during this event, but no, so my best explanation was market makers or algo arbitrage bots.

This limit seller was surely someone who was trying to get out of a large sum, but they showed up when price was already down -50%.

Overall, this research showed me how fragile most of the crypto orderbooks are and how thin the liquidity can actually be.

So my final conclusions (personal opinion):

-The initial crash below $5 was purely perp driven by Binance perp market
-The analysis point to this move not being triggered by the team selling spot tokens
-I believe it was a coordinated attack with the end goal being exactly what happened (who knows who and why, Binance & OKX should?)
-The spot market barely PANIC sold (at market) any tokens, beyond the passive limit sellers that popped up
-Most of the crypto's out there have a massive liquidity problem and marketcap is very deceiving

Thanks for reading. Like, comment and share if you enjoyed 🫡

[Tommy @ts79as77]

@Jamyies Could the Treasury’s massive liquidity drain be weighing down the market, or is the suspension of tariffs playing a role? Have a great day, Guru!!!😊

[Tommy @ts79as77]

@Jamyies @Jamyies brings so much positive energy and opens horizons for everyone 🌟 The power of Rudraksha is with you! Merry Christmas, JCG 🎄✨

[Tommy @ts79as77]

This can’t end like this! 🚨
The Polish crypto community needs James Crypto Guru Polish Voice-Over Channel back! 🇵🇱💪
@YouTube and @TeamYouTube

[JamesG @Jamyies]

🚨 URGENT:
Our James Crypto Guru Polish Voice-Over Channel Got BANNED!

We need YOUR help to get it back for the Polish community! 🙏

HOW TO HELP:
1.Tag @YouTube & @TeamYouTube in the comments.
2.Retweet this post.
3.Spread the word to fellow crypto & Polish community members!

Channel link: https://t.co/Hi8IyDrg1m

Channel name: James Crypto Guru Polish

As a THANK YOU, anyone who comments, tags, and reposts will be entered into a $200 Giveaway! I’ll announce the winner at the end of the week! 💸

Let’s unite to restore our channel! #FreePolishVoiceOver #YouTube #Bitcoin

[Tommy @ts79as77]

@Jamyies @YouTube @TeamYouTube @YouTube and @TeamYouTube
This can’t end like this!
The Polish crypto community needs James Crypto Guru Polish Voice-Over Channel back! 🇵🇱💪

Together, we’ll bring this channel back! 💥

[Tommy @ts79as77]

Work in silence and let your results make the noise.
Have a great day, crypto enthusiasts! 🚀✨ #Crypto #Motivation #BTC #ETH

[Tommy @ts79as77]

@realcryptoface The Simpsons probably predicted this back in 1968. Crypto Face, a unique guy, will show up and draw spider lines on BTC and ETH, sharing them with people on YouTube. You're the best one, bro. Warm regards!

[Tommy @ts79as77]

The market showed its strength yesterday – greed was silenced, and reality brought everyone back down to the ground. Time for reflection and strategy, not just emotions. #market #trading #strategy #emotions

[Tommy @ts79as77]

Someone will try to shake you out!

[Tommy @ts79as77]

@Jamyies Good morning James, Could you explain how it’s possible that you bought Bitcoin during such a sharp drop? Are you using some kind of bot? How did you manage to do it? Please share a tip!🙏 Warm greetings from Poland!😉Tomasz, God bless U, Bro!

[TON Community @toncommunity]

𝐓𝐨𝐝𝐚𝐲, 𝐓𝐎𝐍 𝐒𝐨𝐜𝐢𝐞𝐭𝐲 𝐥𝐚𝐮𝐧𝐜𝐡𝐞𝐬 𝐚 𝐟𝐢𝐫𝐬𝐭 𝐨𝐟 𝐢𝐭𝐬 𝐤𝐢𝐧𝐝 𝐢𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞 𝐭𝐨 𝐮𝐫𝐠𝐞 𝐅𝐫𝐚𝐧𝐜𝐞 𝐭𝐨 #FREEDUROV.

An Open Letter Mini App in Telegram.

Anyone who values privacy and freedom of speech should sign this letter to French authorities. We hope to reach hundreds of millions of signatures.

We urge the French authorities to:
1️⃣ Free Mr. Pavel Durov from detention.
2️⃣ Allow Telegram to protect the freedom of expression and right to private life for its users.

The #DigitalResistance is now. #FREEDUROV.

🆓 𝐀𝐬 𝐚𝐥𝐰𝐚𝐲𝐬, 𝐬𝐡𝐚𝐫𝐞 𝐭𝐡𝐢𝐬 𝐩𝐨𝐬𝐭 𝐮𝐬𝐢𝐧𝐠 #FREEDUROV, 𝐚𝐧𝐝 𝐧𝐨𝐰 𝐬𝐢𝐠𝐧 𝐭𝐡𝐞 𝐎𝐩𝐞𝐧 𝐋𝐞𝐭𝐭𝐞𝐫 𝐢𝐧 𝐓𝐞𝐥𝐞𝐠𝐫𝐚𝐦: https://t.co/GRbGgGA8d8