🤔 Arthur Hayes: rumor has it that the automatic elimination of collateral tied to cross-marginal positions on a major CEX was the reason many altcoins "burned" on the decline. Congratulations to all who bought. We won't be seeing levels like this on many high quality altcoins anytime soon.
🎰 #BTC Over the past 24 hours, ~$19.30 billion worth of contracts have been liquidated, of which longs have liquidated ~$16.81 billion and shorts ~$2.49 billion - the largest liquidation in the history of the crypto market - nearly 20 times the March 2020 covidodump.
Crypto market capitalization is down $250,000,000,000,000,000,000.
Crypto market capitalization is down $250,000,000,000,000,000,000.
📈👀 #ZEC is up over 9% in the past 24 hours—despite the biggest liquidation event in crypto history having taken place.
📉👀 #BTC CQ: In the last few hours, 36,700 Bitcoin / $4.1 billion were sent to exchanges at a loss.
They may have contributed to the selling pressure, but the main trigger was clearly the liquidations, which completely dragged the market into the abyss.
They may have contributed to the selling pressure, but the main trigger was clearly the liquidations, which completely dragged the market into the abyss.
📊 #BTC Futures Flow Index dropped to 13%. The price is currently trading below Fair Value of $113.3K.
The spread between Bitcoin futures and spot has turned negative, while open interest dropped by $11B - a massive deleveraging.
The main reaction should be expected on Monday
The spread between Bitcoin futures and spot has turned negative, while open interest dropped by $11B - a massive deleveraging.
The main reaction should be expected on Monday
🥳 #SOL Solana Lead Developer Anza stated that during the overnight market dump, Solana passed its largest stress test to date, reaching a record 100,000 TPS at full stability.
🐳 2,904.41 #BTC ($325,609,188) aggregated inflows to Bybit. cryptoquant
🧯👀 #REZ The Renzo Community offers to buy back and burn 10% of the total REZ tokens over the next 6 months.
💸😨 Well-known Ukrainian crypto investor Konstantin Galish (Kudo) committed suicide amid the market crash.
Rumor has it that he lost at least $30 million in investors' money, other people's money that was entrusted to him to manage.
Kudo was left with a fleet of cars: a 2020 Lamborghini Urus, a 2023 Ferrari 296 GTB, and a 2012 Mercedes-Benz 220 CDI.
Rumor has it that he lost at least $30 million in investors' money, other people's money that was entrusted to him to manage.
Kudo was left with a fleet of cars: a 2020 Lamborghini Urus, a 2023 Ferrari 296 GTB, and a 2012 Mercedes-Benz 220 CDI.
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💰🙋♂️ #BNB Binance may be about to release the largest compensation plan in its history. Binance co-founder He Yi said:
We will review your account activity individually, analyze the situation, and provide compensation accordingly. However, losses resulting from market fluctuations and unrealized profits are not eligible for compensation.
📊💸 #HYPE Hyperliquid leaderboard: Over 1,000 wallets wiped out in market crash, total 6,300+ wallets in red with $1.23B losses. 205 wallets lost over $1M, 1,070+ wallets lost over $100K.
🕵 #ETH Bitmine acquired 27,256 ETH (104.24M). Tom Lee views today's dip as a positive shakeout, expecting market recovery in a week. intel.arkm
🫂 DWF Labs offers capital, loans, and buybacks to support projects post flash crash. cointelegraph
📊👀 $1.9 billion #USDe burned since yesterday, 13% of total supply, as funding rates turned negative.
USDe is the third largest stablecoin
USDe is the third largest stablecoin