$BTC $ETH
In a single night, both longs and shorts got "slaughtered"—but one wallet knew it was coming.
Bitcoin plunged from 84,876 to 81,163. In less than a day, BTC went on a 3,700-point roller coaster. It’s now at 81,192, just a breath away from 81,000.
CoinGlass data is brutal: $431 million was liquidated in 24 hours. The initial surge wiped out $173 million in shorts. The bulls were popping champagne, but then $210 million of the $222 million liquidated over the next 12 hours came from longs. Binance’s biggest single liquidation was a $11.8 million long at 83,500—just over 300 points below the high. “So close to getting out” is the most gut-wrenching part.
Here’s the wild bit: Lookonchain dug up that, just minutes before the plunge, four freshly created wallets deposited 1 million USDC into Hyperliquid, then opened a 40x short on 148 BTC worth $12.5 million. The timing was that precise—is it a coincidence or a script? You decide.
Around the same time, the U.S. government transferred 834 BTC ($71.56 million) to Coinbase Prime, and also moved 40,000 BNB. The official line is that “transferring funds to an exchange doesn’t mean they’re going to sell.” Believe it or not, the market has already cast its vote.
ETH is doing even worse, at 2,370, down 5.87% over 24 hours. The funny thing is that the Fear and Greed Index is still stuck at 68 (Greed)—prices are sliding, but sentiment is greedily standing still. That kind of divergence usually doesn’t end well.
Honestly, the most painful thing in this market isn’t getting the direction wrong—it’s trying to profit from both sides.
In a single night, both longs and shorts got "slaughtered"—but one wallet knew it was coming.
Bitcoin plunged from 84,876 to 81,163. In less than a day, BTC went on a 3,700-point roller coaster. It’s now at 81,192, just a breath away from 81,000.
CoinGlass data is brutal: $431 million was liquidated in 24 hours. The initial surge wiped out $173 million in shorts. The bulls were popping champagne, but then $210 million of the $222 million liquidated over the next 12 hours came from longs. Binance’s biggest single liquidation was a $11.8 million long at 83,500—just over 300 points below the high. “So close to getting out” is the most gut-wrenching part.
Here’s the wild bit: Lookonchain dug up that, just minutes before the plunge, four freshly created wallets deposited 1 million USDC into Hyperliquid, then opened a 40x short on 148 BTC worth $12.5 million. The timing was that precise—is it a coincidence or a script? You decide.
Around the same time, the U.S. government transferred 834 BTC ($71.56 million) to Coinbase Prime, and also moved 40,000 BNB. The official line is that “transferring funds to an exchange doesn’t mean they’re going to sell.” Believe it or not, the market has already cast its vote.
ETH is doing even worse, at 2,370, down 5.87% over 24 hours. The funny thing is that the Fear and Greed Index is still stuck at 68 (Greed)—prices are sliding, but sentiment is greedily standing still. That kind of divergence usually doesn’t end well.
Honestly, the most painful thing in this market isn’t getting the direction wrong—it’s trying to profit from both sides.