Luiz DMada

Here is a breakdown of each one:
•Economic Bank (1995): the Bahian institution collapsed after the Real Plan, when the stabilization of the economy exposed the fragility that had been masked for years. A historical deficit that reached R$ 15.8 billion was recorded in a Brazilian institution.
•National Bank (1995): billion-dollar fraud, sponsor of Ayrton Senna, the bank collapsed after the discovery of 652 fictitious accounts used to hide losses.
•Marka Bank: In 1999, the Central Bank (BC) intervened in Marka Bank and FonteCindam Bank after the massive devaluation of the real. The institutions had large short positions in dollars and were rescued by the BC to avoid a systemic crisis. The case resulted in a financial scandal and lawsuits, and the bank did not continue to operate independently, with its liquidation processed over the years.

$BTC
Bitcoin didn’t crash because of selling — it crashed because the leverage pyramid collapsed.
💥 THE REAL NUMBERS:
Only $200M of actual selling
Triggered $2B in forced liquidations
10:1 leverage ratio exposed
Out of Bitcoin’s $1.6T valuation, only $160B is real capital — the rest is borrowed exposure
This wasn’t a crypto problem. It was a global finance problem.
🌍 THE TRUE TRIGGER: JAPAN
Japan announced stimulus → instead of rallying, their bond market collapsed.
Investors lost trust in Japanese government debt — the debt that backs $20T in global leverage.
When Japanese bonds break → global liquidity evaporates.
Crypto was simply the fastest to react.
📉 MARKETS MOVED TOGETHER:
🔹 BTC: –10.9%
🔹 Nasdaq: –2.2%
🔹 S&P 500: –1.6%
→ Same day, same hour, same chain reaction.
Bitcoin is now a macro asset, not an alternative asset.
🧠 THE BILLIONAIRE SIGNAL NOBODY NOTICED
Owen Gunden — holding BTC since 2011 under $10 — sold his entire $1.3B stack before the crash.
Not from fear.
🔷 From understanding:
Bitcoin is no longer independent from global debt markets.
🏛️ GOVERNMENTS ARE NOW THE BUYERS
El Salvador quietly bought $100M during the crash.
And here’s the part most people still don’t see:
Governments don’t trade
Governments don’t panic sell
Governments don’t use leverage
Once countries accumulate Bitcoin, that supply is locked forever.
This slowly turns Bitcoin from a speculative asset into a strategic reserve asset.
⚠️ WHAT THE NEXT 18 MONTHS WILL REVEAL:
▫️ Volatility will continue to drop as leverage unwinds
▫️ Each crash destroys more leveraged capital permanently
▫️ Each recovery adds more government + institutional buyers
▫️ Bitcoin becomes less “free market” and more state-owned infrastructure
▫️ Profit trading BTC becomes harder as violent swings disappear
▫️ Liquidity becomes dominated by entities that never sell
▫️ Bitcoin is transitioning from a revolutionary currency to an institutional reserve asset.
▫️ This is the opposite of what early adopters imagined.
📌 THE NEW REALITY
Bitcoin no longer moves on crypto news.
◽ It moves on:
🔸 Central bank liquidity
🔸 Bond market failure
🔸 Global leverage stress
🔸 Sovereign accumulation
🔸 This is why November 21st matters:
🔸 It was the day the market finally revealed the true structure behind Bitcoin.
🔥 Bitcoin won — and that victory ended the rebellion.
When it became too important to fail, it became part of the same system it tried to escape.
#BTC #Binance