Everyone got REKT today.I didn’t.No leverage.No gambling.Just patience and risk management.Even 2x with big money is greed. Markets will teach you that the hard way. 💀📉 ...

Leverage is a powerful tool.But it can also be a powerful weapon, as we all saw yesterday.Editor-in-Chief @JonRiceCrypto on mitigating your risk as you navigate crypto markets.https://t.co/tyZHL35AhH ...

Market Liquidation Event - The crypto market experienced a brutal liquidation event, particularly affecting altcoins and memecoins on centralized exchanges (CEXs) [1][3] - Many altcoins crashed 70-99% in minutes on CEXs, while Bitcoin ($BTC) and Ethereum ($ETH) barely crashed 13% [1] - The liquidation cascade happened so fast that almost no one had time to react, with exchange systems failing across the board [3] Portfolio Impact and Strategy - A trader experienced significant losses on perpetual futures (perps) positions, including $BONK and other altcoins [1] - Approximately 80% of an $ASTER position used as collateral on a DeFi lending protocol was lost [1] - The trader reallocated ~$1 million from the remaining $ASTER position into $BONK and $4, anticipating better risk/reward ratios [1] - The trader remains optimistic about $USELESS coin, believing it has the potential for significant outperformance and at least 10x upside [1] Market Analysis and Future Outlook - The market-wide crash was likely due to market maker (MM)/CEX liquidity issues, as altcoins did not reach similar lows on decentralized exchanges (DEXs) [1] - The trader believes the bull run is not over and anticipates a Q4 rally [5] - The trader plans to reduce dependence on leverage, implement sharper risk management, and focus on protecting positions from exchange-side risks [4] Risk Management and Personal Resilience - The trader emphasizes the importance of focusing on what can be controlled and learning from the event to improve as a trader [3] - The trader highlights the need for transparency in trading activities to help others learn [3] - The trader advises those who experienced losses to persist, survive, and not give up, emphasizing the importance of self-care and mental health [6]

RT Breakout (@breakoutprop)Yesterday was one of the biggest liquidation cascades in crypto’s history.Tens of billions in liquidations in minutes.Even ‘low leverage’ positions were liquidated on centralised exchanges as some altcoins reached near 0 prices.For Breakout:1. Our system, like most other venues, experienced degraded performance from the enormous volume of requests.2. We have already made significant improvements to both the trading terminal and our risk engine to handle these events better.3. Our ...

RT Drift (@DriftProtocol)In the past 24 hours, crypto markets experienced one of the largest flushes in recent history. This was a true stress test for risk systems across the ecosystem, including Drift.Amid this extreme volatility, Drift processed over $76 Million in liquidations across both perpetual and spot markets, incurring just $18K (~0.02%) in socialised losses and maintaining zero downtime throughout.Drift’s risk engine ensured orderly markets and user protection through prudent liquidation paramet ...

RT Haider (@Haider)This is the brutal truth:— When volume surges violently, order engines get overwhelmed.— When risk systems are mis-tuned, the only relief is forced liquidation or de-risking the treasury (i.e. taking hits)What we’ve engineered at OKX is a high-capacity order pipeline + a risk control system that walks the tightrope:-throttling or rejecting only where absolutely necessary-dynamically adjusting margin tiers, collateral factors, and hedges-preserving liquidity even under tail events-all with ...

If you’re completely wiped out, don’t worry.It has happened multiple times in my career.I’ve gone from $10M all the way to zero.Key lesson; adjust your risk management and KEEP GOING.These are all tests and extreme outliers to improve. Don’t stop. Go again. You’ll get there, even though it feels like it’s the end of the world.Stop using leverage, start building with spot.Don’t. Keep going. You’ll be all right. ...

"Say you're saving for a house or a car and you don't want to take on equity-like volatility because of that shorter time horizon,†Srmag says. "Fixed assets can make more sense because of the predictable outcome they create.†"They wanted to earn more yield on their savings than what they were getting at the bank, but they also were afraid of putting it inside the CD because of the surrender penalty,†Stalker says. "A Treasury bill ladder was the perfect way to accomplish their goal because it was going to ...

Risk Management - Avoid leverage to minimize potential losses [1] - Resist Fear Of Missing Out (FOMO) to prevent impulsive decisions [1] - Expect frequent pullbacks of around 35% in the market [1] Investment Strategy - Focus on holding a main portfolio of 3 to 5 top assets [1] - Consider a small "Degen bag" of less than 10% for trading [1] - Adopt a longer-term holding (HODL) strategy [1] - Buy The Fucking Dip (BTFD) when possible [1] Security & Perspective - Practice self-custody or multi-signature with good wallet hygiene [1] - Zoom out to gain a broader perspective and ignore short-term noise [1]

RT Kamino (@kamino)Despite the unprecedented price action, we’re happy to confirm that Kamino users incurred a total of $0 bad debt, and that the liquidation engine performed exactly as expected.Kamino’s risk and liquidation systems are designed to weather the worst. Though it’s a silver lining amongst the pain, we’re proud that Kamino was able, and continues to keep users safe.In-depth liquidation report to follow. Stay safe, degens. ...