$343 Million just got liquidated mostly in shorts

A big short squeeze just happened. Whales decided to load up on BTC & especially ETH liquidating a TON of short positions. ​ https://preview.redd.it/6m5vvli5h0w91.png?width=709&format=png&auto=webp&s=c94a96c7fbf1a98e1a800753fec4a0b603f67504 If you aren’t aware how MASSIVE this is consider the recent volume. Look how ridiculous the graph looks. All the other liquidations are barely visible compared Read more…

So you’re checking your Reddit Collectibles on OpenSea and notice someone offered you 8.1 ETH for your .3 ETH avatar. You quickly accept the offer, then what? (A True Story)

This is a true story that happened earlier today. Someone on OpenSea was offered and accepted an offer of 8.1 ETH for their NightGuard currently trading at .3 ETH. https://preview.redd.it/ezqxlbxmv0w91.png?width=936&format=png&auto=webp&s=fdb9fb25893d450682f7d25eeac1f2f41c691f60 What happened is the individual in question made a collection offer of 8.1 ETH for the avatars in the Spooky Read more…

Bear market length misconception: I’ve noticed a lot of people seem to believe that traditional bear markets typically last multi-years. And there’s also confusion about the duration of past bear markets in crypto. Here’s some data and some light shed on this.

On average, a bear market in traditional markets lasts around 290 days. Since the Great Depression, there have been 14 bear markets lasting between 1 month and 1.7 years. Source: https://www.investopedia.com/a-history-of-bear-markets-4582652 https://www.forbes.com/sites/qai/2022/08/24/the-average-bear-market-lasts-289-days-how-long-do-we-have-left/ https://www.hartfordfunds.com/practice-management/client-conversations/managing-volatility/bear-markets.html What about crypto? In the most basic definition of a bear market, the previous crypto bear markets Read more…