Coinlog

Friday's market meltdown lead to $6.5 billion in liquidations from traders who bet on higher prices, marking the second largest day of Bitcoin liquidations since this cycle began — link | coindesk

3.03K views08:23

Coinlog

In case you didn’t know - the BTC whale closed 90% of his BTC short and fully closed his ETH short, making around $190–$200M profit in just one day on Hyperliquid.

The crazy part is that he shorted another 9 figs worth of BTC and ETH minutes before the cascade happened. And this was just publicly on Hyperliquid imagine what he did on CEXs or elsewhere. I’m pretty sure this guy played a huge role in what happened today.

— MLM on X

2.58K views13:26

Coinlog

8 views08:34

Coinlog

RUMOR IS WINTERMUTE + CRYPTO.COM GOT HIT HARD / BLEW UP. IF YOU WANT TO BE SAFE, PLEASE WITHDRAW ANY MONEY ASSOCIATED WITH THESE PROTOCOLS TO BE SAFE. I CANNOT CONFIRM THIS INFORMATION FOR YOU GUYS AS I DO NOT KNOW ANYONE AT WINTERMUTE OR ANYONE AT CRYPTO.COM, BUT THE RUMORS I AM HEARING IS THAT THEY BLEW UP. PLEASE BE CAERFUL.

8 views13:50

Coinlog

https://x.com/cobie/status/1976788855006302686?s=46

X (formerly Twitter)

Cobie (@cobie) on X

Probably one of the most severe flushes I’ve ever seen on alts, I didn’t even imagine alts had this much leverage in them. It feels like someone got hit very hard and will see a large body float to the surface soon, reminds me a little of summer 2021.

Good…

6 views09:03

Coinlog

wow, no way

they reported 9bn earlier.

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Coinlog

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Coinlog

MORE THAN $19 BILLION IN CRYPTO POSITIONS LIQUIDATED IN THE LAST 12 HOURS

*The largest single liquidation order happened on Hyperliquid - ETHUSDT value $203.36M

*$10B+ liquidated on Hyperliquid
*$4.5B+ liquidated on Bybit
*Binance reported only $2.5B liquidations

*The actual total is likely much higher as Binance  only reports one liquidation order per second: CoinGlass

Some Estimates suggest between $30B to $40B has been liquidated

2.2K views14:00

Coinlog

https://x.com/SplitCapital/status/1976793067345637684

X (formerly Twitter)

Zaheer (@SplitCapital) on X

When the market turns like this, there’s usually a pretty straightforward playbook for the aftermath.

1) Market bleeds out and MMs are offline and start refilling by first taking out big spot and perp arbs on assets.

2) Once exchanges and API feeds are…

3.26K views08:18

Coinlog

https://x.com/0xdoug/status/1976850615621107743?t=rtMyB1ftHj2z9HrXL3NmbA&s=19

X (formerly Twitter)

Doug Colkitt (@0xdoug) on X

1/ Since a lot of people are waking up to see their perps positions closed and wondering what the hell “Auto-Deleveraging” means, here’s a quick and dirty primer.

What is ADL? How does it work? And why does it exist?