Andrew

@HighStakesCap King 👑

@GarrettBullish But sir 😅 today I bought a cryptocurrency and I want to earn a car for my wife.

A 45,000-ton "Lightning Carrier" with 14 stealth fighters is 48 hours from the Persian Gulf. 82nd Airborne on standby. 50,000 troops assembling, the largest US amphibious buildup since Vietnam. A month ago, none of this was imaginable. Stretch the timeline to 50 years, every step has a traceable origin. Read↓ open.substack.com/pub/garrettres…

Bullishbear 🤣

@GarrettBullish @RunnerXBT Are you planning to buy back in the near future?

@RunnerXBT right

All things considered @GarrettBullish actually took the losses (and or sold spot holdings) at decent prices considering where we are going

@cryptomanran Is this somehow related to the purchase of #LUNA at a price of around $1? 🤣

I liquidated almost my entire crypto portfolio. Not because I’m bearish. Not because I got wiped out. But because what just happened didn’t behave like a normal cycle move. From $126k to the 200-week moving average in 4 months. Look at the chart: tradingview.com/x/NRjnxp4R/ In 2018, that move took a year. In 2022, it took 30 weeks. This time it happened at record speed. No blow-off top. No retail euphoria. No clear catalyst that everyone agrees on. Just a violent repricing through every major level. Fear & Greed hit single digits. And unlike previous crashes, nobody can clearly explain what broke. Quantum risk. Bitcoin is failing the debasement test. Funds unwinding. AI pulling capital. Regulation uncertainty. When narratives fragment and conviction disappears, your job isn’t to guess the story. It’s to manage exposure. So I made a decision. Instead of sitting there hoping everything “comes back,” I closed almost every position I had. I didn’t want 30 tokens that might recover. I wanted a small number of assets that will still be relevant whether this cycle extends, resets, or structurally changes. So I concentrated on just 11 positions built to survive if we go lower and perform if we bottom here. In my new video, I break down exactly what those 11 positions are, why I chose them, and how I’m deploying capital in this environment. [link in comments]

@mert It's so funny, it turns out that advertising is needed to get people to buy ether, but as we can see, it doesn't help 🤣 At the same time, bitcoin does not need advertising, but nothing helps it either 🥹

that's it man im out of crypto

@n0x4o @star_okx When it's not profitable for them, they don't comply, but when it comes to the possibility of stealing your funds, they can easily do it under the guise of sanctions.

At first glance, this may sound reasonable—but it is actually a false equivalence. DEXs and CEXs serve fundamentally different roles. Open, permissionless access belongs to DEXs; responsibility, standards, and accountability belong to CEXs. A DEX is a pure self-custody tool. The service provider is not an intermediary and does not control users’ funds. Users who interact with DEXs understand—or should understand—that they are using a tool and assuming full responsibility for their actions. As SEC Chair Paul Atkins has stated: “The right to have self-custody of one’s private property is a foundational American value that should not disappear when one logs onto the internet.” By contrast, CEXs custody users’ funds, much like banks. As a result, they carry clear obligations around AML, sanctions compliance, fraud prevention, and consumer protection. CEXs are not neutral pipes. They intermediate trust, hold operational responsibility, and therefore have a duty to protect users, not simply list everything that exists. Conflating DEXs and CEXs is not openness. It is an attempt to avoid responsibility. This fundamental distinction reflects a long-standing difference in values between OKX and Binance.

@star_okx Therefore, OKX blocks user funds under the pretext of executing OFAK sanctions. This is a scam of pure water. You are no different from each other. Scam + scam = scam

@dogwifcoin For such jokes, he will bite his you dick (=dump your scam coin)

@Alex_Luxiano @caprioleio It went down in 2018 and was there for several months

@caprioleio BTC had never fallen lower than electric cost. That’s base case - not lower than $52K.

Update: It matters when Bitcoins price floor falls. We are now trading below Production Cost ($65K) but Elec cost has fallen to $52K. It's starting to get juicy.

Building easy trading solution for @Polymarket @PolymarketBuild

@ag_dwf But there is a caveat: all #altcoins from the top 100 showed crazy x's🚀 I have never seen such a crazy pump in #crypto again ❤️‍🔥

It happened 8 years ago, many people got liquidated on BitMEX and … we are where we are 🤓

@DoveyWan In cryptocurrency, 1 year is equivalent to 5 😅 In that case, can I call you dear grandmother? 🫡

Have been thru so many "existential threat" moments in crypto, every time the ride is getting less existential - First shock: Mt Gox. I was so stunned didnt even feel it. My net worth in crypto wasnt huge in absolute terms, still massive for a fresh grad - Second grill: the Bitfinex hack. Thought it was the end. Instead, the redemption token + creditor unity became an epic kind of birth story for Tether - Post-ICO annihilation: the worst pain. Net worth down bad. Learned the hard lesson on alts, and started Primitive Ventures deep in the 2018 bear - March 2020: the most intense. If BitMEX hadn’t unplugged, we might’ve been cooked as an industry. But mentally it hurt less because the 2018- 2019 grind and later global Covid escape exp trained my brain for the new baseline of chaos - 2022 FTX collapse: insane, cinematic. We pulled funds when we started smelling smoke around SBF so dodged that bullet. and it reinforced a lesson I keep re-learning: founders leak signal constantly if you know how to read behavior Every cycle leaves scar tissue. And in crypto, scar tissue becomes anti fragility: better priors, faster reflexes, cleaner counterparty rules. Crypto people have front run a lot of the big socioeconomic shifts: fighting bot farms before “AI” was mainstream; demanding data sovereignty before prompt injection and narrative manipulation by llms. become opsec paranoid and off the grid knowing the future of surveillance state. We also got a high potent dose of human incentive loopholes and behavioral bias injected into our vein so that we learned the hard way early There's no compression algorithm for experience. Time is the only leverage nobody can liquidate. See you on the other side of this one, fellow life soldiers.

@ag_dwf I started trading on your advice and I look great at the age of 25.

Crypto market beauty is that it is very volatile, and ofc it s great if prices go up, but they also may crash and it happens every ~6 months. And this is exactly happened on day 10/10, when the sell-off that happened bcz of Trump tariffs smashed liquidity of USDe and caused the cascade liquidation. As professional traders we rely on a few key risk mgmt pillars: - No use of excessive margin / leverage / exotic collaterals - Rely on delta-neutral portfolio in combination with strict balance and margin controls - Implement all API surveillance including ADL events and monitoring - On top of 24/7 monitoring, use automated monitoring of PnL that can react in milliseconds - Build your own infra that even works flawlessly in situations where exchange feeds are highly delayed / congested or exchange APIs are unstable (for HFTs) - Run adaptive models that can trade in any situation This is crypto = trade / invest responsibly, take a risk of innovations. Exchanges offer playgrounds, we all play. Biggest exchange = biggest events, neither bad or good. We have been trading on @binance since 2019 and continue scaling our trading up. Don’t react to coordinated attacks @heyibinance @cz_binance , just keep building

@MacroMate8 The team needs to buy $ENA another $269 million

my two cents as someone who knows how USDe works: the peg was maintained at all times on 10/10 even though 8 BILLION USD was redeemed thereafter they passed a major stress test. it’s actually really bullish on ENA the issue was using a market driven oracle on binance which liquidated users. it did not reflect the fact that USDe is perfectly collateralised notice how huge loops of the same kind on aave did not get liquidated x.com/star_okx/statu…

@mert @star_okx @EvgenyGaevoy The funny thing is that Evgeny stated immediately after the mentioned events that the market is not bearish 🤣 And the last one is only 3 months old

@star_okx thoughts @EvgenyGaevoy? (non-ironic, actually curious)

No complexity. No accident. 10/10 was caused by irresponsible marketing campaigns by certain companies. On October 10, tens of billions of dollars were liquidated. As CEO of OKX, we observed clearly that the crypto market’s microstructure fundamentally changed after that day. Many industry participants believe the damage was more severe than the FTX collapse. Since then, there has been extensive discussion about why it happened and how to prevent a recurrence. The root causes are not difficult to identify. ⸻ What actually happened 1.Binance launched a temporary user-acquisition campaign offering 12% APY on USDe, while allowing USDe to be used as collateral with the same treatment as USDT and USDC, and without effective limits. 2.USDe is a tokenized hedge fund product. Ethena raises capital via a so-called “stablecoin,” deploys it into index arbitrage and algorithmic trading strategies, and tokenizes the resulting fund. The token can then be deposited on exchanges to earn yield. 3.USDe is fundamentally different from products such as BlackRock BUIDL and Franklin Templeton BENJI, which are tokenized money market funds with low-risk profiles. USDe, by contrast, embeds hedge-fund-level risk. This difference is structural, not cosmetic. 4.Binance users were encouraged to convert USDT and USDC into USDe to earn attractive yields, without sufficient emphasis on the underlying risks. From a user’s perspective, trading with USDe appeared no different from trading with traditional stablecoins—while the actual risk profile was materially higher. 5.Risk escalated further as users: •converted USDT/USDC into USDe, •used USDe as collateral to borrow USDT, •converted the borrowed USDT back into USDe, •and repeated the cycle. This leverage loop produced artificial APYs of 24%, 36%, and even 70%+, widely perceived as “low risk” simply because they were offered by a major platform. Systemic risk accumulated rapidly across the global crypto market. 6.At that point, even a small market shock was sufficient to trigger a collapse. When volatility hit, USDe depegged quickly. Cascading liquidations followed, and weaknesses in risk management around assets such as WETH and BNSOL further amplified the crash. Some tokens briefly traded near zero. The damage to global users and companies—including OKX customers—was severe, and recovery will take time. ⸻ Why this matters I am discussing the root cause, not assigning blame or launching an attack on Binance. Speaking openly about systemic risks is sometimes uncomfortable, but it is necessary if the industry is to mature responsibly. I expect there may be significant misinformation and coordinated FUD directed at OKX in the near future. Even so, speaking honestly about systemic risk is the right thing to do—and we will continue to do so. As the largest global platform, Binance has outsized influence—and corresponding responsibility—as an industry leader. Long-term trust in crypto cannot be built on short-term yield games, excessive leverage, or marketing practices that obscure risk. The industry needs leaders who prioritize market stability, transparency, and responsible innovation—not a winner-take-all mentality where criticism is treated as hostility. Crypto is still early. What we choose to normalize today will determine whether this industry earns lasting trust—or repeats the same mistakes again.

@GarrettBullish Margin call ☎️

Binance converting $1B of stablecoin reserves into BTC within 30 days is a direct capital injection into the market. This is what responsible builders do, support the industry with real balance sheet capital. More key players should step up.

@WuBlockchain Therefore, they applied ADL and closed the profitable traders' shorts. But they did not close unprofitable long positions until they were liquidated @binance 👏this is genius

Binance released a detailed investigation report dated Oct. 10, 2025, acknowledging two technical incidents: between 21:18 and 21:51 UTC, its asset transfer subsystem experienced a roughly 33-minute performance degradation during a concentrated sell-off; between 21:36 and 22:15 UTC, the indices for USDe, WBETH, and BNSOL deviated abnormally amid thin liquidity and slower cross-venue rebalancing. x.com/binance/status…

@nadnerb217 @abitcoinrealist @binance Have you ever heard of trading against your clients? When it is necessary to liquidate longs, a seller suddenly appears on spot with 20-40k #btc and sends them for market sell in a few hours. of course, that someone does not have enough money to pay for dinner at a restaurant 🤣

@abitcoinrealist @binance Binance don't get the proceeds from liqudiation. That's not how it works. If a long is liqudiated, the money goes to the short seller who lent the long seller money. Likewise if a short is liqudiated the money goes to the long seller who lent money to the short seller.

An open letter to the crypto community 💛 During periods of market volatility and pressure, the impact felt across the industry is naturally also felt by Binance. As a global industry leader, we hold ourselves to elevated standards and continually improve based on feedback from our community and the wider public. In 2025, Binance continued to invest in the long-term health of our industry through stronger risk controls, compliance, and ecosystem development. Some key highlights: 👉 User Deposit Recovery: Assisted with 38,648 incorrect deposit cases totaling $48M in 2025, contributing to over $1.09B in total user deposits recovered to date. 👉 Risk Controls & User Protection: Helped 5.4M users through risk controls and protection measures, cumulatively preventing $6.69B in potential scam-related losses. 👉 Combating Illegal Activity: Collaborated with global law enforcement agencies to combat illegal activities leading to authorities confiscating $131 million in ill-gotten funds. 👉 Token Listing Distribution and Ecosystem Diversity: Spot listings covered 21 public blockchains, with ETH, BSC, and SOL leading (32, 18, and 9 projects respectively). 👉Asset Transparency and Reserves: Achieved Proof of Reserves (PoR) totaling $162.8B across 45 crypto assets. We remain committed to sustainable, verifiable actions that protect users, advance the industry, and support long-term, responsible growth. Today, we’re taking another step forward: Binance will convert the SAFU fund’s ~$1B stablecoin reserves into BTC with the process completing within the next 30 days. The SAFU fund will undergo regular rebalancing based on its market value. Should BTC price movements cause it to fall below $800M, Binance will replenish it to $1B. We believe Bitcoin is the foundational asset of this ecosystem and the premier long-term store of value. By making this move, we’re embracing market cycles and standing shoulder-to-shoulder with the industry, just as we always have. This is part of our ongoing commitment to building crypto’s future. More updates soon. Binance will keep responding with real steps, driving the industry forward through openness, transparency, and long-term commitment. Thank you to our beloved community for standing with us, ALWAYS. 💛 Read the full letter 👉 binance.com/en/blog/commun…