Today’s dump resulted in the biggest liquidation since 2021. I would like to present a microstructure view of this entire situation. As always, this thread is full of insights, charts, and comments.
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Solana's DeFi protocols earned $420.69M in November (so far), 161% more than Ethereum's $161.2M.
@RaydiumProtocol ($175M) & @jito ($164.7M) outperformed Uniswap ($69.1M) & Lido ($62.3M)
$420.69M
Can't make this up.
🚨BREAKING BIG: @Citibank is exploring @Solana's potential, looking to utilize blockchain technology for seamless money transfers and advanced smart contracts in the future.
(Citi Bank is the 4th largest bank in the US🇺🇸).
@realestate_au@realestate_au is your website down? No listing currently showing on map view on web or iOS app… seems to have broken down in the last 20 minutes….🤔
Dear noobs,
$SOL is NOT naturally going down. It is being pushed down via whales placing spoofy sell orders on exchanges to make noobs and risk managers sell to ‘buy back lower’. They are stealing your bags and will make you buy back at a higher price.
Accurate analysis.
Only about 1/10,000 of distance driven is useful for training.
The limiting factor for FSD progress was AI training compute, but now it is validation, as the interventions are so rare.
@SimonDixonTwitt Seriously how long can this go on! The longer it does the more we lose. We have families and for so many this was life savings. Many of us who made good investments in good assets which would be worth hundreds of thousands today now stand to receive only a small fraction of that.
@SimonDixonTwitt@SimonDixonTwitt most of us corporate Celsius account holds are exposed to further upside losses from being forced to take cash distributions. It gets worse though none of us have received the cheque or wire transfers we were promised.
@SimonDixonTwitt I mean seriously if we have been able to successfully complete corporate KYC with our respective banks in our own countries and establish corporate bank accounts that match the name of our entity that have claims with Celsius I don’t think we are stealing our own distributions.
BREAKING: HK #Bitcoin ETF launches tomorrow.
And here's a little secret from this part of the world...
The Asian market in user count is BIGGER than the US and European markets combined.
(2022 Huobi report)