It feels as if the dust around the entire China and US situation is starting to settle. Now, this is also at a time where it feels as if the entire market has reset. And I will talk about exactly what that means here in a moment.But let's first start off with a few things. Number one, we do know that Trump acknowledged the trade war. He essentially said that hey we are in a trade war with China which it's no surprise there right we know that for the last roughly week and a few days that this war between the ...

Core Insights - Bitcoin experienced significant volatility, declining 6.8% in 24 hours, with a slight recovery leading to a 3.8% decrease from the previous morning [1][2] - The price movements of Bitcoin have been closely correlated with broader market trends, exhibiting higher volatility, which has raised concerns among investors [2] - Recent negative headlines regarding the regional banking sector and loan quality have contributed to Bitcoin's price fluctuations [3] Fundamental Metrics - Key metrics for Bitcoin include transaction volumes, total value locked (TVL), and activity related to new applications on its network [5] - Liquidations are a critical factor influencing Bitcoin's price, referring to leveraged derivative positions that are eliminated due to significant price movements [6] - In the last 24 hours, $3.33 million worth of Bitcoin was liquidated, representing nearly all of the total $3.36 million in liquidations, indicating substantial market impact [7] Investment Outlook - There is potential for a continued rally in Bitcoin, with liquidations data being crucial for understanding short-term price swings [8] - Long-term sentiment remains bullish on Bitcoin despite recent volatility [8]

🚨 CMC News: Bitcoin Drops Below $110K Triggering $524M Liquidations.https://t.co/xmfXukgG2x ...

🚨 ALERT: $1.2B in liquidations hit 307,546 traders in the past 24h.The largest was a $20.4M ETH position on Hyperliquid. https://t.co/LuKV4M50gF ...

Performance Metrics - Drift protocol 处理了 70 million 美元的清算，仅有 18 thousand 美元的社会化损失，损失率仅为 0.026% [1] - 保险基金为用户赚取了 600 thousand 美元的保护费用 [1] - Drift 协议的年化费用收入为 56 million 美元，市值 193 million 美元 [1] Competitive Landscape - Hyperliquid 触发了两年来的首次 ADL (Auto Deleveraging 自动减仓) [1] - Hyperliquid 的交易量超过 10 billion 美元 [1] - Drift 和 Hyperliquid 在每 TVL (Total Value Locked 总锁定价值) 美元的收入方面表现相似 [1] - Drift 的估值倍数是 Hyperliquid 的 52 倍 [1]

LIVE NOW - How Lighter's Ethereum L2 Perp DEX Handled Liquidations10 days after @Lighter_xyz mainnet, a $19B liquidation wave slammed crypto.We asked the founder. @vnovakovski, how Lighter, a ZK L2 Perp DEX on Ethereum was capable of handling the crash.We dig into:- ADL vs. LLP.- trader-first design.- why verifiability (not vibes) should govern order matching and liquidations.- why Lighter chose custom ZK circuits over a generalized ZKVM.- L1 vs L2 tradeoffs.- what’s next: Spot, universal cross-margin, and ...

RT Leonidas 🧡 $DOG (@LeonidasNFT)CT: "Binance caused the liquidations"Binance: "No we didn't"CT: "Here is proof that you did"Binance: "We are announcing a $400M recovery fund"CT: "Binance has been extorting billions of dollars via listing fees"Binance: "No we didn't"CT: "Here is proof that you did"Binance: "We are announcing that we charge listing fees to protect users and we will sue anyone who breaks their NDA with our listing team" ...

Explaining the Bitcoin Crash: What Are Liquidations and Leverage?► https://t.co/8UQrzhgbd6 https://t.co/8UQrzhgbd6 ...

🚨 CMC News: Market Crash Lacks Long-Term Impact Despite $20B Liquidations🔗 https://t.co/dt2pSLNYPn https://t.co/BGvPKNX9q5 ...

Incident Overview - Approximately $60-90 million of $USDe was dumped on Binance, alongside $wBETH and $BNSOL, exploiting a pricing flaw [1][3] - This localized depeg triggered $500 million - $1 billion in forced liquidations, cascading into over $19 billion globally [2] - Attackers profited about $192 million via $1.1 billion in BTC/ETH shorts opened on Hyperliquid [2][4] Root Cause Analysis - Binance's Unified Account valued collateral using its own spot market instead of external oracles, creating a major vulnerability [3] - Binance announced a fix to move to oracle-based pricing on Oct 6, but the rollout wasn't until Oct 14, leaving an 8-day window for exploitation [3] - A coordinated manipulation of Binance's order books, amplified by a macro shock (Trump's tariffs) and systemic leverage, caused the crash [2] Responsibility and Aftermath - Binance's design flaw and delay in oracle rollout were the root cause of the incident [5] - Binance admitted "platform-related issues," promised compensation, and rolled out minimum price floors + oracle integration [6] - Ethena (USDe) was not at fault, as the protocol remained 1:1 collateralized, redemptions were normal, and the peg held everywhere else [6]