What happened in Crypto in the last 12h:
• $370 million liquidated from the crypto market in the past 1 hour.
• Biggest 2-day drop for the Nikkei in history, surpassing Black Monday.
• Jump Trading has likely been offloading $ETH, unstaking $500M worth over the past 2 weeks. Rumors suggest they are exiting the crypto market maker business.
• The US tipped off the G-7 that Iran might strike Israel within the next 24 hours, according to Axios.
• Berkshire Hathaway has been dumping more shares this quarter than ever before. The market's reading this as a major recession red flag.
• Trump momentum has flipped to Kamala momentum. Polymarket showing Trump at 52% and Kamala at 45%, and the gap closing in.
• The unwinding of Yen carry trades is causing a reduction in global liquidity, affecting asset prices across markets, including US Treasuries and crypto.
• Korea Financial authorities are sniffing out possible price manipulation in $AVAIL during its Bithumb listing. This might mean fewer listings on Korean exchanges for a while.
[Note to self] a) Stick to your plan, b) Hold onto your long-term bags, and c) Avoid overtrading in the meantime.
