This was one of the craziest flash crashes I have ever seen. I can’t remember seeing alts go down this heavy ever before in one day and kinda bounce back?
Though I have a genuine question, who on CT actually got liquidated yesterday from this crash? I am trying to understand how many were just us casual players versus the big market makers.
If you did, I am sorry and I know you will bounce back.
Brutal day in the space but we must survive. ✊🏾

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In the crypto world, what truly determines victory is never code, but the interplay between liquidity, power, and regulation. The rise and fall of BUSD is not merely a tragic tale of a stablecoin, but a financial war waged by exchanges attempting to "unify the world."

When BUSD was thrust onto the historical stage, it carried not only a compliance narrative, but also Binance's ambition to reshape the stablecoin order through coercive measures—by manipulating exchange rates and merging trading pairs, directly swallowing competitors' liquidity into its own ledger.

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Source: Galaxy Research; Translation: Jinse Finance xz
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The cryptocurrency market experienced a genuine bullish wave in the first ten months of this year. Regulatory reforms continued to advance, ETFs continued to attract funds, and on-chain activity became increasingly active. Bitcoin hit an all-time high of $126,080 on October 6th.
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This article...