Everyone have been liquidated after yesterday's crash and if someone says they've survived it and was a future trader stay away cause it's a lie.this was worse than COVID and 2008 crash.
There wasn't enough reason to believe crypto needed to react it this way. Stock market only lost 1.5 trillion from market after tariff news came out
In tradfi Investors are in loss of 2% after tariff news but in crypto everyone have been slaughtered.
A Black swan without reason in crypto
Everytime market crashes it needs a reason like COVID crash was because of Corona virus, later Luna crash caused crash in market, Ftx crash caused a crash
Those were black swan with reason but what we witnessed on 10/10 is a planned black swan directly coming from trump family and administration.
Whale walking out with $190million in an hour
On hyperliquid a whale opened a billion dollar short on bitcoin minutes before trump announced 100% tariffs on china starting from 1st of Nov.
In one hour the insider whale made $190million in profit. This wasn't first time because the same whale is been making these trades every now and then.
There's rumors it's baron trump himself which isn't hard to believe since everyone knows he's making quick wealth but it could be trump administration, Eric trump? Or anyone.
$100m was sent directly to binance, the same time trump is pardoning CZ. everything is fishy and they're in this together.
Crypto turned into an exit liquidity
Satoshi might be crying after watching current state of the market. Bitcoin was supposed to be peer to peer electronic cash
For our safety, freedom but entire crypto market have been turned into a full blown scam followed by casinos, exchanges
Everyone is gambling in crypto treating it as exit liquidity. US is thinking to reset debt ceiling by destroying crypto market, trump is making sure his family eats well
CZ is filthy rich milking every last crypto retail, market makers have every coin to dump until they're useless.
Aftermath of yesterday event
Leverage isn't safe, not even 1x leverage after what happened yesterday. The total liquidation is over $30b to $40b
The coins went down -50% in 1 minute while I was looking in real time. this was like a fewer dream and wished someone would wake me up but it all happened in reality.
People lost lives, many are going to kill themselves cause they lost everything.
Crypto will be forever known as the worst market from now on. No one is coming from stock market to crypto. Altcoins exist because it's great way to steal your bitcoins.
Aftermath is hold coins with real potential and product that works when everything is down. Take Hyperliquid as an example from yesterday. Binance couldn't handle pressure like hyperliquid did. Solana was working normally. Hive was working but hive engine was down.
At last it's still not clear whether this crash will become the reason for market trend shift from bull to bear or we're going to continue last part of cycle now guess we'll find out soon.