đ„ THREAD: Market Crash Lacks Long-Term Impact Despite $20B Liquidations
1/10 Fridayâs brutal #crypto crash looked scary â some coins dropped 95% in hours.
But analysts at The Kobeissi Letter say this was technical, not fundamental. đ
2/10The crash was triggered by too much leverage + President Trumpâs new tariff news on China.
A perfect storm that hit markets when liquidity was thin. đȘïž
3/10Data shows $16.7B in longs wiped out vs $2.5B in shorts â a 7:1 ratio! đŁ
Thatâs the biggest leverage flush since the FTX and LUNA collapses.
4/10 Timing made it worse â Trumpâs announcement came around 5 p.m. ET Friday, when volume is low.
Thin markets turned normal moves into wild swings. âĄïž
5/10 The destruction was historic:
đ„ $20B liquidated
đ 1.6M traders wiped out in 24 hrs
This topped FTX and Terra/LUNA levels of pain.
6/10 The Total3 Index (excluding $BTC & $ETH) dropped from $1.15T â $766B in one day.
The speed of the drop caught even pros off guard. â ïž
7/10 Swan Bitcoin CEO Cory Klippsten says:
âWeâll see more short-term volatility, but this washout is healthy.â
Overleveraged traders got cleared out â setting up the next leg up. đ
8/10 The Kobeissi Letter calls the selloff purely technical and expects a trade deal eventually, keeping crypto strong long-term. đȘ
9/10 Some analysts warn $20B may be understated â real losses (including unreported ones) could be far higher. đ§ź
10/10 Bottom Line:
Yes, the crash was brutal.
But fundamentals remain solid â this was a leverage reset, not a breakdown.
đ The market always bounces back stronger.
#Bitcoin #CryptoCrash #Liquidations #ALTCOÄ°NS #BTC #Ethereumâ #CryptoNewss
1/10 Fridayâs brutal #crypto crash looked scary â some coins dropped 95% in hours.
But analysts at The Kobeissi Letter say this was technical, not fundamental. đ
2/10The crash was triggered by too much leverage + President Trumpâs new tariff news on China.
A perfect storm that hit markets when liquidity was thin. đȘïž
3/10Data shows $16.7B in longs wiped out vs $2.5B in shorts â a 7:1 ratio! đŁ
Thatâs the biggest leverage flush since the FTX and LUNA collapses.
4/10 Timing made it worse â Trumpâs announcement came around 5 p.m. ET Friday, when volume is low.
Thin markets turned normal moves into wild swings. âĄïž
5/10 The destruction was historic:
đ„ $20B liquidated
đ 1.6M traders wiped out in 24 hrs
This topped FTX and Terra/LUNA levels of pain.
6/10 The Total3 Index (excluding $BTC & $ETH) dropped from $1.15T â $766B in one day.
The speed of the drop caught even pros off guard. â ïž
7/10 Swan Bitcoin CEO Cory Klippsten says:
âWeâll see more short-term volatility, but this washout is healthy.â
Overleveraged traders got cleared out â setting up the next leg up. đ
8/10 The Kobeissi Letter calls the selloff purely technical and expects a trade deal eventually, keeping crypto strong long-term. đȘ
9/10 Some analysts warn $20B may be understated â real losses (including unreported ones) could be far higher. đ§ź
10/10 Bottom Line:
Yes, the crash was brutal.
But fundamentals remain solid â this was a leverage reset, not a breakdown.
đ The market always bounces back stronger.
#Bitcoin #CryptoCrash #Liquidations #ALTCOÄ°NS #BTC #Ethereumâ #CryptoNewss