This morning’s sell-off:
Binance didn’t really dump much spot
Moderate selling on COINBASE
Aggressive selling on Hyperliquid
Quite a few futures positions got liquidated
Classic whale shenanigans
Analysts on X are now split into two camps:
1. Various indicators suggest someone is accumulating and propping up the floor—the tail end of the bear market, the start of the bull (no offense)
2. The mysticism camp: the downturn began on October 7–8
Let me tell you: on-chain analysts and the indicator crowd are the honest ones;
The mysticism camp are just mouthpieces for Asian OGs and Southeast Asian gambling syndicates.
A drop was inevitable. A bunch of Asian OGs are out of coins, so they need to tank the price and create a dip to buy into.
Retail traders can’t beat them.
Binance didn’t really dump much spot
Moderate selling on COINBASE
Aggressive selling on Hyperliquid
Quite a few futures positions got liquidated
Classic whale shenanigans
Analysts on X are now split into two camps:
1. Various indicators suggest someone is accumulating and propping up the floor—the tail end of the bear market, the start of the bull (no offense)
2. The mysticism camp: the downturn began on October 7–8
Let me tell you: on-chain analysts and the indicator crowd are the honest ones;
The mysticism camp are just mouthpieces for Asian OGs and Southeast Asian gambling syndicates.
A drop was inevitable. A bunch of Asian OGs are out of coins, so they need to tank the price and create a dip to buy into.
Retail traders can’t beat them.