Cruci₿le (🤝,🤝)
1.7K posts

Cruci₿le (🤝,🤝)
@cryptocrucible
₿ullish | NFTs are ownership | DeFi is growth Community holds us together and magnifies us (🤝,🤝)
Worldwide Katılım Ocak 2018
847 Takip Edilen809 Takipçiler

@BitBoyJay I couldn’t make it past Nad not readying up. Classic Nad…
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@lhouket $PNKSTR looking so juicy with a 2x to ATH
Commence higher after that...
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@Johnath29021939 @PeterLBrandt LINK and ETH are fairly well correlated. If ETH higher, LINK looks good
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When the market turns like this, there’s usually a pretty straightforward playbook for the aftermath.
1) Market bleeds out and MMs are offline and start refilling by first taking out big spot and perp arbs on assets.
2) Once exchanges and API feeds are back online, market makers and big traders start biting on big orders to bring the market back to equilibrium.
This is met with liquidation orders being processed. Liquidation orders are processed at the top of the exchange order queue so it’s very juicy to pick off if you have balance sheet.
Given the size of this liquidation (~$25-$40bn) it will take a while to chew through this.
3) Once dealers fill long they will start unwinding spot and perp when the market is back to equilibrium. This is when the market hits a local maxima and the Dalai Lama chart starts hitting.
Some assets that have tighter supply will look better than others.
4) Dealers unwind over the next 24-72 hours depending on the liquidations and the market absorption. This is generally harder on weekends because no ETFs.
5) Market finds a natural floor and ceiling and starts a new anchor
Note: this is assuming that the market’s headline risk has mostly subsided. In the case this isn’t true, there is a lot more room for pain depending on leverage ratios.
This is a trader’s market for the time being.
Good luck and good night 💤
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@Tradermayne Great stream, was a great listen while zenning out in the sauna, reflecting on the day
I hope people take your advice to touch grass and reset
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“Aster has 1001x leverage”
-Everyone in crypto groups with 5 trades worth of experience
Coin Bureau@coinbureau
🚨BREAKING: Crypto liquidations soar to $9.4 BILLION in 24 hours – the LARGEST single-day event ever. Bigger than LUNA. Bigger than COVID. Bigger than FTX. We just witnessed history.
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Cruci₿le (🤝,🤝) retweetledi

Ethereum has now dropped 30% and is at its bull market support band.
I think ETH can now rally to new all time highs.

Benjamin Cowen@benjamincowen
#ETH ran the highs in August, and the current pullback should bring ETH back to its 21W EMA. After ETH drops to the 21W EMA, it then should rally to new All Time Highs.
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You can thank all the new perp DEXes and the incredibly inexperienced traders who don’t even know what margin ratio is
kook 🏝️@KookCapitalLLC
today was the top liquidation event in crypto history
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@BitBoyJay @NealKharawala I was locked in a god damn conference room
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Honestly been watching my boy trade on BNB, dude’s actually him. Wild to watch. Big shoutout to @NealKharawala (Finishing7ouch) for the absolute bangers inside LOTI. 🫡

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@BitBoyJay @addicteddotfun Watching LOTI Narcos from the sidelines and cheering you boys on. Godspeed brothers 🫡
GIF
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I’m laughing because all the whales on $WEED (@addicteddotfun) are flexing their power and grow. Mfers, I’d just shut up, if it’s true, you’re about to dump your whole harvest defending while everyone else is attacking your farm. You’ll wish you weren’t the top. If they design it so huge farms can actually be attacked, GG, this game will thrive. It’s going to be funny as hell watching people brag now, only to get their shit yanked every day.
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@NadesOutHere This is a little tricky lineup wise. It’s a W+jump throw and has to be really exact. Great nade tho if you can get it
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@Innerdevcrypto I need you to do some deep inner work and talk even dirtier to me next time
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The year is 2035
- Btc is no longer priced in dollars
- Meeting someone with more than 1 btc is rare
- In the end stablecoins could not support the devaluating dollar enough and it was game over for the dollar and stablecoins, causing ethereum and most other alts to collapse
- Lightning payments are now mainstream
- Ai, robots, do most of the work, and society is more dystopian than ever
- A new tech upperclass that controls ai & robot companies + large holders of btc control the new game
- Humanity landed on mars, is mining asteroids, gold lost all its value
- Countries that accumulated large btc reserves early on implemented some form of universal basic income to keep their population´s calm, but the countries that could not are in disarray
- Humanity is mostly plugged into a ´ready player one´ kind of metaverse for distraction and dopamine
- Crypto-x no longer exists since most lost it all when alts and the $ collapsed
- Most people are still deeply unhappy
- Innerdevcrypto account no longer exists since he was discovered to be a fraud that drinks beer on a beach while in secret earning crypto-x-revenue while claiming inner development is the way
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