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Watching this take place, is basically how I've seen almost every leverage trader blow up over time. Well this one is a bit different. But the gist is that you get into a position, a losing one and you are never willing to let it go. Eventually the market turns against you and you just keep adding collateral to this position until one day, you're entire account is gone In this case he went from $0 on this account pnl to $88m to negative 14m (after continually selling other spot assets in his accounts to add collateral) This was a bit different bc $BTC price really never changed. It's been in like a 2% range and this guy just kept trading poorly getting chopped to 0. He was super $loud on the timeline and yapped a lot which probably brought a lot of attention he didn't need. It's best to trade large positions quitely He's still alive though. If I was him, I'd just take the L and live to see another day. take a step back and start over vs starting from 0
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2017-2018 was S tier alt cycle These were some of the most insane times. Change website? 200% gain lmao 2020-2021 was A tier, could be S. That covid stimmy with the lockdowns. Nobody had anything else to do, all while 40% of all money was created in that window leading to this wild alt season They were comparable in their own ways but I think the 17-18 cycle was a lot more fun. 2024-2025 D tier.
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few more liquidations, then up only g loudio
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hopefully tomorrow we break out of these ranges so far we are making higher lows which is great to see for most things a lot of these charts are hitting the range highs, after reclaiming or even deviating in some cases old ranges so very hopeful overall
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Two big treasury announcements today Trump Media adding up to 2.5B in $BTC and Sharplink adding 425m of $ETH
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