RT BSCN (@BSCNews)🚨 BREAKING: CRYPTO TRADER JAMES WYNN LIQUIDATED 9 TIMES IN 2 DAYS ON @HYPERLIQUIDXAccording to Arkahm, notorious leveraged trader James Wynn is down to his last $720 after being liquidated for $56.8K longing $BTC.Wynn, known for turning $7K into $25M on $PEPE and a record $1.25B Bitcoin long, has been liquidated 9 times in the last 48 hours.His wider portfolio now holds just $719, per Arkham data. ...

🚨 BREAKING: CRYPTO TRADER JAMES WYNN LIQUIDATED 9 TIMES IN 2 DAYS ON @HYPERLIQUIDXAccording to Arkahm, notorious leveraged trader James Wynn is down to his last $720 after being liquidated for $56.8K longing $BTC.Wynn, known for turning $7K into $25M on $PEPE and a record $1.25B Bitcoin long, has been liquidated 9 times in the last 48 hours.His wider portfolio now holds just $719, per Arkham data. ...

Core Insights - Gold has experienced significant volatility over the past year, with sharp price movements influenced by central bank buying, changing rate expectations, and geopolitical risks [3][4] - The SPDR Gold Shares ETF (NYSE:GLD) has mirrored this volatility, presenting opportunities for traders while creating uncertainty for long-term investors [4][8] - An AI price-prediction model forecasts a moderate upside for GLD, with an average predicted price of $512.75, indicating a potential increase of 12.41% [6][9] Trading Strategies - Active traders can utilize leveraged futures through Apex Trader Funding, which allows access to gold trading with minimal capital after passing a single evaluation [7][8] - Long-term investors can consider fractional shares through platforms like SoFi, which enables investment in GLD with as little as $5 and offers promotional stock incentives [6][8]

So you're telling me, even large non crypto entities believe in 'making it all back in one trade?'Dean Eigenmann (@DeanEigenmann):was sent a pretty in-depth report on what's driving the crypto unwind. the short version: a large non-crypto entity likely based in HK was running JPY carry trade funding into leveraged IBIT options + Binance positions + precious metals. Oct 10 blew a hole in the balance sheet ...

Core Insights - The cryptocurrency market experienced nearly $1.7 billion in liquidations within 24 hours, with a total market capitalization decline of 6% [1][2][6] Group 1: Liquidation Data - A total of 270,438 traders were liquidated during the recent market downturn, with long positions accounting for the majority of losses at $1.57 billion, while short positions totaled $107.74 million [2] - Bitcoin liquidations reached $768.69 million, predominantly from long positions at $745.3 million, while Ethereum saw total liquidations of $417.43 million, with $390.5 million from long positions [3] - Hyperliquid recorded the highest liquidation volumes at $567.2 million in long liquidations, followed by Bybit at $329 million and Binance at $152.3 million in long liquidations [4] Group 2: Market Conditions - Bitcoin and Ethereum dropped to two-month lows of $80,815 and $2,687, respectively, during early Asian trading hours [6] - By the time of reporting, Bitcoin had slightly recovered to $82,023 and Ethereum to $2,737, while Solana experienced the largest decline among the top 10 cryptocurrencies, falling 7.7% [7] - The market crash affected not only cryptocurrencies but also precious metals and equities, indicating a broader market impact [7]

Decrypt’s 2025 Project of the Year: @HyperliquidXHyperliquid, a venue for high-risk leveraged trading on volatile assets, captured the attention of the crypto industry like no other project this year. ...

Core Insights - The crypto market experienced over $1 billion in liquidations within 24 hours, affecting more than 190,000 traders, indicating a trend of significant volatility and leveraged trading losses in the crypto space [1][2]. Liquidation Data - A total of $1.03 billion in positions were liquidated, with over 70% being long positions amounting to $726.5 million, while short positions accounted for $308.2 million [2]. - The largest single liquidation was a BTC-USD position worth $96.51 million on the decentralized exchange Hyperliquid [2]. Market Performance - The broader cryptocurrency market saw a 3.7% decline, with Bitcoin dropping below $90,000 before recovering to over $91,000 [3]. - Ethereum briefly fell below the $3,000 mark, trading at $3,050, down 4.4% in the past day, and has decreased nearly 40% since October 6 [4]. Cumulative Liquidations - Cumulative liquidations over the past week exceeded $5 billion, with the cryptocurrency sector losing $1.2 trillion in market capitalization over the last 42 days, representing a 28% decline in total value [5]. - The current market cap is approximately 24% lower than levels seen during the October 10 market crash, which resulted in over $19 billion in liquidations [6]. Market Dynamics - The ongoing liquidation trend suggests a structurally fragile market, exacerbated by intensified institutional outflows from mid-to-late October [7]. - Traders are increasingly engaging in high-leverage positions (20x–100x), where even a 2% price swing can lead to complete liquidation of trades [7].

Core Insights - Brett Harrison, former president of FTX US, is launching a new perpetual futures exchange named Architect, which will not include crypto markets [1][3] - Harrison criticizes leveraged trading on volatile crypto assets as "irresponsible" and highlights concerns about excessive leverage in the crypto market following a significant market crash [2][5] Company Overview - Architect will offer perpetual futures on traditional stocks, foreign exchange markets, and rare metals, while allowing the use of stablecoins as collateral [3] - The exchange will initially be available to institutional investors, with plans to open to retail investors in the near future [3] Industry Context - Perpetual futures are derivative contracts with no expiration, allowing traders to leverage their positions on asset price movements [3][4] - High leverage ratios, such as 100 or 1000 times the initial capital, on volatile markets can lead to significant risks, including account liquidation [5][6]

Core Insights - Bitcoin dropped below $106,000, resulting in nearly $1.2 billion in liquidated crypto positions over the past 24 hours, primarily affecting long positions [1][2] - Approximately 79% of total liquidations were long trades, impacting over 307,000 accounts, with the largest single liquidation being a $20.4 million ETH-USD long on Hyperliquid [2] - Bitcoin losses accounted for roughly $344 million, followed by Ether at $201 million and Solana at $97 million, with other high-beta tokens also experiencing significant losses [3] Market Activity - Hyperliquid led the exchanges with $391 million in activity, followed by Bybit at $300 million, Binance at $259 million, and OKX at $99 million, indicating a blend of on-chain and traditional trading platforms during market resets [4] - Liquidations occur when traders using borrowed funds cannot meet margin requirements, leading to forced closures that can trigger cascading sell-offs, known as "liquidation loops" [5] Market Context - Bitcoin's decline began late Thursday as it fell below the $107,000 level, causing forced closures in derivatives markets amid a tense macroeconomic backdrop, including renewed U.S.-China tensions and fluctuations in currency and commodity prices [6]

Group 1 - The cryptocurrency sector experienced a significant flash crash on October 10, triggered by President Trump's threat to increase tariffs on China, leading to a panic that wiped hundreds of billions of dollars off the market cap [1][4] - Bitcoin dropped over 12% from its previous week's peak, while Ethereum saw even larger declines, and meme coins like Dogecoin briefly fell by about 50% [5][6] - The crash was exacerbated by excessive financial leverage in the market, with approximately $19 billion in forced liquidations of leveraged positions reported, marking the largest liquidation event on record [7][8] Group 2 - The initial price shock from the tariff announcement led to a cascade of liquidations as many leveraged positions were simultaneously affected, highlighting vulnerabilities in the financial plumbing of the cryptocurrency market [2][6] - Non-Bitcoin and non-Ethereum assets experienced a 33% drop on average, with some tokens losing up to 99.9% of their value in a very short time frame [6][7]