Mikhail K
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What's the joke? Who can tell where the info comes from or is it a new fake?
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Cryptotraders blame Wintermute for mass liquidations over the weekend
Wintermute is a market maker, hedge fund, and liquidity provider on major exchanges like Binance, and plays a significant role in the cryptocurrency market.
When a trader sets a stop-loss order using a leveraged long, Wintermute can profit by betting on an alternative outcome if the asset's price drop triggers the established stop.
Wintermute transferred assets worth hundreds of billions of dollars to Binance to take advantage of leverage and client liquidations.
Recently, the BTC price dropped to $91,300, then recovered to $98,000. Following that, ETH also fell nearly 15% within 24 hours, dropping to $2,160 before starting to recover. The leader in this cycle among altcoins, SOL, showed a similar trend, falling from $212 to $176.
After such a cascading drop, Bybit estimated the total number of liquidated positions across all crypto exchanges at $8-10 billion, which contradicts Coinglass's estimate of $2.2 billion. It is reported that the liquidation amount on Bybit alone was around $2.1 billion.
Wintermute is a market maker, hedge fund, and liquidity provider on major exchanges like Binance, and plays a significant role in the cryptocurrency market.
When a trader sets a stop-loss order using a leveraged long, Wintermute can profit by betting on an alternative outcome if the asset's price drop triggers the established stop.
Wintermute transferred assets worth hundreds of billions of dollars to Binance to take advantage of leverage and client liquidations.
Recently, the BTC price dropped to $91,300, then recovered to $98,000. Following that, ETH also fell nearly 15% within 24 hours, dropping to $2,160 before starting to recover. The leader in this cycle among altcoins, SOL, showed a similar trend, falling from $212 to $176.
After such a cascading drop, Bybit estimated the total number of liquidated positions across all crypto exchanges at $8-10 billion, which contradicts Coinglass's estimate of $2.2 billion. It is reported that the liquidation amount on Bybit alone was around $2.1 billion.
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And where is lunc? 😂😂😂
🇺🇸 The most active applications for cryptocurrency ETFs in the USA.
$SOL and $XRP are clearly leading
$SOL and $XRP are clearly leading
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Who are you listening to? He was saying the same thing at a price of 60000-70000. People made 20-25% profits, and this fetishist is just playing with panties.
$BTC Long panties are flying off without rollbacks. Now we see pressure on the price due to the fall of the Sp500 index, we are waiting for the opening of the American stock exchanges, then long panties will really fly off.
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The extradition of Terraform Labs co-founder Do Kwon to the United States was approved by Montenegro's Minister of Justice Bojan Božović after the Constitutional Court of Montenegro rejected the former executive's appeal.
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Friends, who are strong in technical issues. Tell me about Algorand. Is it really such a cool technology or are they exaggerating?
#algorand
#algorand
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Lunc circulating supply is increasing more and more. What burning are they talking about? #LUNCUSDT
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It doesn't seem like the alternative season is coming yet.
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Friends, what does everyone think: "Have we found the bottom for altcoins or will we go lower before the New Year?"
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