You may not be aware, but while you were eating instant noodles in a rented apartment and arguing on the internet about the meaning of life, some trader nicknamed kyoyo just made $5.17 million.
No, he didn't save the kitten, didn't build the bridge, and didn't even go to work at Starbucks.
He just sold some Bitcoin. Very loudly. And very confidently.
Math from Satan
Here’s the math of the 21st century. Kyoyo took 1,268 BTC – about $3.3 million of his own money – and, using the magic wand of 40x leverage, turned it into a position of $132 million.
What does this mean? It means that even God looked at this and slightly sweat.
Deal of the century (or Russian roulette?)
Kyoyo bet on Bitcoin's decline. He essentially said:
"I’m so sure that you all will get scared and sell your tokens that I'm willing to risk everything except the money I don't have."
And he was right.
The price fell. The crowd panicked and rushed into stables like a refuge.
And Kyoyo was just sitting there, probably sipping rum from a bull's skull, watching millions drip into his account.
Can you do that?
Of course not. You are not kyoyo. You don’t have a trading bot written by a genius from Singapore. You have a wife, two kids, and a mortgage. Even a 3x leverage seems like a 'mad risk' to you.
You are right.
Because 40x is not trading, it's a stunt on a financial motorcycle, performed over a fiery abyss called 'Liquidation'.
Who won? Who lost?
Kyoyo won.
Everyone who held BTC at 71.2K and believed that 'everything will be fine' lost.
Those who watched CNBC lost.
Those who believed in the institutions lost.
And do you know who else lost?
The whole system. Because if some crypto ninja with an anime nickname can crash the market by $132 million – what is actually real in this economy?
