Overnight Crypto Highlights – 1-Minute Market Recap | October 11th

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🚨 Overnight Crypto Highlights – 1-Minute Market Recap!

1⃣ The biggest crash in crypto history:
Altcoins plunged up to 90% within hours, with 1.62M traders liquidated.
Lesson of the day: Survive first — profits come later.

2⃣ Global markets had a Black Friday moment.
U.S. stocks tumbled sharply after Trump said he’s considering steep new tariffs on Chinese imports.

3⃣ #BTC down 7%, #ETH down 12%, #SOL down 14%.
Majors are still resilient.
Funding rates across CEXs and DEXs flipped bearish —
👉 Deleveraging mode ON.

4⃣ What caused the crash?
Primitive Ventures’ co-founder Dovey Wan suggested a large institutional liquidation on Binance triggered the cascade.

5⃣ WBTC, BNSOL and other synthetic assets briefly depegged.
Some lucky traders bought ETH below $1,000 and got insanely rich.
Next time, be the calm sniper in chaos.

6⃣ #USDe depegged to $0.62.
Analysts: “Synthetic stablecoins can’t serve as payment or collateral.”
Others argue USDe = tokenized hedge fund, not a true stablecoin.
Official statement: Protocol operating normally.

7⃣ Crypto whale “Brother Ma” got liquidated.
In 22 days, he went from +$44.5M profit to -$10.6M loss.
Reminder: Use stop-loss orders.

8⃣ Rumors spread that Wintermute + Crypto.com took heavy losses — both denied the claims.

9⃣ Fear & Greed Index crashed from 64 → 27 in a day.
Greed turned to fear overnight. Time to stay calm.

🔟 #WLFI team tried to defend price, buying $10M worth on dip — now sitting at 30% unrealized loss. Even the whales bled.

🔟1⃣ KOL BlueFox exposed insider trading:

A large player allegedly opened a Hyperliquid account 30 mins before Trump’s tariff news — profited $70M instantly.

😤 Don’t panic — keep building.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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