Andy
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Andy· 2025-10-12 22:28
There’s all sorts of numbers being thrown around now.$400M for one fund, speculation on another market maker blowing up. Binance already paid nearly $300M back today.There will be more losses paid out and funds winding down. The big names like Wintermute and Paradigm likely took big hits but will survive.Over $20B in leveraged positions were liquidated in the last 72 hours, mostly longs.This isn’t just retail panic.It’s big desks and structured funds are getting forced out. The classic cascade when you borr ...
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Andy· 2025-10-12 18:50
Rumor mill currently saying two large trading firms were liquidated to zero.Hearing different takes but the idea is they owned a book of top 100 mcap tokens which were collateralized against each other in size ($1B+) & became forced market sellers of their entire book ...
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Andy· 2025-10-12 18:38
Market Trend - The crypto neobank space is heating up with emerging players like Etherfi and Plasma [1] - It's now possible to run a profitable crypto neobank where users can spend their money offline [1] - There's ample room for experimentation in distribution methods, product offerings, and customer segments within the crypto neobank market [1] Competitive Landscape - The crypto neobank market is not necessarily a winner-take-all market [1] - Multiple crypto neobanks can coexist, similar to the traditional banking sector with thousands of banks [1]
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Andy· 2025-10-12 17:42
genuinely think the worst is behind usupAndy (@ayyyeandy):just checkedmarked safe from liquidation across all accountsstay off the leverage frens. use DeFi as a tool, not a slot machineupside looks good to me from herefull market structure resets are incredibly bullish for all remaining participantsit’s clear to me that if we ...
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Andy· 2025-10-11 21:10
Still trying to process this.$20B in liq’s is a bloody massacre… https://t.co/cbzP7JZAsbHaseeb ＞|＜ (@hosseeb):Best analytical writeups/threads about the recent crash re: microstructure, auto-deleveraging, depegs, etc? Seems like lots to dissect across the industry in last 24 hours. ...