🗣#ETH Robert Kiyosaki switched to ETH:
Today I believe silver and Ethereum are the best because they are stores of value…but more importantly….used in industry….and prices are low.
🤔 #BNB WuBlockchain: The Oct. 11 market crash was a deliberate attack aimed at Binance and one of its major market makers. Binance's Achilles' heel was its Unified Account margin system.
The proof of the attack's intentionality is its timing: it occurred exactly between Binance's announcement of the oracle price adjustment and its actual implementation. The announcement was made on October 6, and the change itself was scheduled for October 14, giving the attackers a perfect opportunity.
The current market crash has similarities to the #LUNA crash, as both occurred when major exchanges began accepting "non-fiat" stablecoins as highly collateralized assets.
The proof of the attack's intentionality is its timing: it occurred exactly between Binance's announcement of the oracle price adjustment and its actual implementation. The announcement was made on October 6, and the change itself was scheduled for October 14, giving the attackers a perfect opportunity.
The current market crash has similarities to the #LUNA crash, as both occurred when major exchanges began accepting "non-fiat" stablecoins as highly collateralized assets.
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🕵️♂️🐳 Whale activity:
- LoC: Bitmine likely acquired 128,718 #ETH ($480 million) after market crash;
- Whale, which withdrew 86,000 ETH ($260.3 million) from Binance from June 22 to August 12, and then sold 27,020 ETH from September 15, sold another 12,010 ETH after the market crash;
- 398,822 #SOL (~$72.3 million) transferred from an unknown wallet to Binance
- LoC: Bitmine likely acquired 128,718 #ETH ($480 million) after market crash;
- Whale, which withdrew 86,000 ETH ($260.3 million) from Binance from June 22 to August 12, and then sold 27,020 ETH from September 15, sold another 12,010 ETH after the market crash;
- 398,822 #SOL (~$72.3 million) transferred from an unknown wallet to Binance
🗣 #BNB CZ: Many projects have a market maker. BNB doesn't. I am not aware of any of my affiliated entities buying or selling BNB in the past days/weeks.
🇺🇸🇨🇳 #tradewars FOX: The U.S. contacted China after the announcement of the duties and offered to hold a phone conversation, but the latter postponed it
🗽👀 Trump: Don't worry about China, everything will be fine! Honorable President Xi just had a bad moment. He doesn't want a depression for his country and neither do I. The US wants to help China, not hurt China!!!
📉 #BTC Glassnode: Funding rates across the crypto market have plunged to their lowest levels since the depths of the 2022 bear market.
This marks one of the most severe leverage resets in crypto history, a clear sign of how aggressively speculative excess has been flushed from the system.
This marks one of the most severe leverage resets in crypto history, a clear sign of how aggressively speculative excess has been flushed from the system.
🗣 #BNB Binance: We have paid compensation to users affected by the pegging cancellation issues ($283 million).
We are aware of claims that the cancelation of the pegging of some Binance Earn products to USDE, BNSOL and WBETH caused a market crash, so we would like to clarify that this is not the case. The sharp market crash occurred before the pegging was canceled.
Causes of sharp price movements:
- Historical limit orders triggering due to one-way liquidity;
- A problem with the "zero price" display.
Binance will optimize the UI display and apply fixes to the corresponding abnormal prices to provide a more comfortable trading experience in the future. The API interface will remain unchanged.
We are aware of claims that the cancelation of the pegging of some Binance Earn products to USDE, BNSOL and WBETH caused a market crash, so we would like to clarify that this is not the case. The sharp market crash occurred before the pegging was canceled.
Causes of sharp price movements:
- Historical limit orders triggering due to one-way liquidity;
- A problem with the "zero price" display.
Binance will optimize the UI display and apply fixes to the corresponding abnormal prices to provide a more comfortable trading experience in the future. The API interface will remain unchanged.
🗽📈 #ETH While Ethereum was crashing on Oct 10th, the Coinbase Premium spiked to 6.0.
Translation: US institutions weren’t selling. They were buying the dip with massive force. Smart money is building a floor.
Translation: US institutions weren’t selling. They were buying the dip with massive force. Smart money is building a floor.
📊🤔 #BTC As Bitcoin dropped from $123k on Oct 10, the Coinbase Premium spiked to a 19-month high.
Translation: US institutions weren’t panic selling. They were aggressively buying the dip. This is a massive signal of conviction from smart money.
Translation: US institutions weren’t panic selling. They were aggressively buying the dip. This is a massive signal of conviction from smart money.
🇺🇸🇨🇳 #tradewars Trump: tariffs on China are "still the plan" for Nov. 1.
🤔 #HYPE Hyperliquid founder: Hyperliquid's liquidations data is completely transparent.
However, some CEXs have publicly stated that they significantly underreport liquidations. For example, on Binance, even though thousands of liquidation orders are received in one second, only one is reported. Liquidations can be underreported by a factor of 100.
However, some CEXs have publicly stated that they significantly underreport liquidations. For example, on Binance, even though thousands of liquidation orders are received in one second, only one is reported. Liquidations can be underreported by a factor of 100.
🔍🐳 Whale Transactions:
1. During the collapse, hackers panicked sold 8,638 #ETH ($32.5 million) at $3,764, losing $5.5 million.After the market recovered, they bought back 7,816 #ETH ($32.5 million) at a higher price of $4,159;
2. MARA Holdings, which owns 52,850 #BTC ($6.12 billion), bought another 400 #BTC ($46.31 million) via FalconX.
1. During the collapse, hackers panicked sold 8,638 #ETH ($32.5 million) at $3,764, losing $5.5 million.After the market recovered, they bought back 7,816 #ETH ($32.5 million) at a higher price of $4,159;
2. MARA Holdings, which owns 52,850 #BTC ($6.12 billion), bought another 400 #BTC ($46.31 million) via FalconX.
😷 #BTC CEO Tether: BTC and gold will outlive any other currency. coindesk
🕵️♂️ The market crash gave whale, who held a losing short on #BTC for almost 5 months, a chance to break even, going from a $27 million loss to a profit.
But he didn't close the position completely. After the market recovered, his loss was back above $4.8 million.
Liquidation price: $123,260.
But he didn't close the position completely. After the market recovered, his loss was back above $4.8 million.
Liquidation price: $123,260.
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