To The Moon

We just went through the wildest 24 hours in crypto history! The market got absolutely rocked with the biggest liquidation ever—over $19 billion wiped out in a single day. But honestly, that number feels low. I’m hearing estimates as high as $400 billion, with the total crypto market cap tanking by $800 billion to nearly a trillion. Insane, right? 

$2X ETHER ETF(ETHU)$  

$BitMine Immersion Technologies Inc.(BMNR)$  

$SharpLink Gaming(SBET)$  

This wasn’t just a random dip—1.6 million traders got crushed, making this liquidation nine times bigger than anything we’ve seen before. So, what happened? It smells like a coordinated move by the big players—exchanges and market makers. I saw coins like SWE drop from $3 to $0.50 in a flash. 

Those prices? You and I couldn’t even see them, let alone trade them. The whales were scooping up cheap coins while we were locked out. This all went down at 5 PM US time on a Friday—when Wall Street’s closing, Europe’s done, and Asia’s asleep. Retail traders like us? Totally sidelined. 

Exchanges even froze up, making it impossible to close positions. I checked the data, and it’s messy—exchanges only report about 5% of liquidations through their APIs. Crunch the numbers, and we’re probably talking $300–400 billion in real losses. DEXs weren’t any better; you couldn’t close leveraged positions there either. For context, the last big liquidation in February 2025 was only $2 billion, and even the 2020 crash was 19 times smaller than this. So, what sparked it? A Trump tweet, of all things. Not even his wildest tariff talk—like that April “liberation day” post—hit this hard. Bitcoin alone shed $380 billion in market cap in a day. That’s bigger than all but the top 25 companies globally. 

Mind-blowing. Here’s the tea: selling started at 9:50 AM Eastern, an hour before Trump’s tweet. Sounds like insider moves to me. By 4:30 PM, some whale opened a massive short on Hyperliquid, and 20 minutes later, Trump dropped his 100% China tariff bomb. Coincidence? I think not. They cleared out $16.7 billion in longs and $2.5 billion in shorts, then pumped the price to screw over the shorts too. By the time Binance and others came back online, the damage was done. The market was riding high after April 2025’s tariff wars, with greed levels over 60.

 Now? Fear’s at 35, and everyone’s shaken. Exchanges are low on liquidity because we’re all HODLing in our wallets—love that for us, but it screws their game. They need our coins, so they pull stunts like this, especially on Fridays when trading volume’s low. Trump’s tweets are their perfect cover. What’s next? APEC talks between the US and China could shake things up—good or bad, who knows? Bitcoin tends to bottom out around the 10th each month, and this crash hit right on cue, October 10–11. Also, Coinbase jacking leverage to 50x? Yeah, that didn’t help. 

Here’s my take: crypto’s a casino, and we’re all gambling. I’m holding my ETH for Q4. If you’re sitting on gains from 2022, maybe lock in some profits. Nobody knows if we’re getting another altcoin run or if this is the start of a bear market. Trading volume will tell us—high volume means action; low volume, and we might be in for a rough ride. I’m in this with you, placing my bets and doing my research. Crypto’s wild, and so is the stock market. Stay sharp, manage your risk, and let’s navigate this chaos together!

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