Astin Smith
13 Following
79 Followers
72 Liked
9 Shared
All
Quotes
Translate
五年前投资 100 万能挣多少？
100 万投招商银行，现在剩 94 万
100 万投亿纬锂能，现在剩 89 万
100 万投贵州茅台，现在剩 83 万
100 万投海康威视，现在剩 67 万
100 万投恒瑞医药，现在剩 66 万
100 万投伊利股份，现在剩 66 万
100 万投中国平安，现在剩 63 万
100 万投恩杰股份，现在剩 57 万
100 万投顺丰控股，现在剩 48 万
100 万投中国中免，现在剩 37 万
100 万投隆基绿能，现在剩 27 万
100 万投海天味业，现在剩 23 万
100 万投长春高新，现在剩 19 万
100 万投通策医疗，现在剩 19 万
100 万投万科股份，现在剩 17 万
100 万投$BTC ，现在剩 300 万
$BTC
100 万投招商银行，现在剩 94 万
100 万投亿纬锂能，现在剩 89 万
100 万投贵州茅台，现在剩 83 万
100 万投海康威视，现在剩 67 万
100 万投恒瑞医药，现在剩 66 万
100 万投伊利股份，现在剩 66 万
100 万投中国平安，现在剩 63 万
100 万投恩杰股份，现在剩 57 万
100 万投顺丰控股，现在剩 48 万
100 万投中国中免，现在剩 37 万
100 万投隆基绿能，现在剩 27 万
100 万投海天味业，现在剩 23 万
100 万投长春高新，现在剩 19 万
100 万投通策医疗，现在剩 19 万
100 万投万科股份，现在剩 17 万
100 万投$BTC ，现在剩 300 万
$BTC
S
PIPPINUSDT
Perp
Closed
PNL
+0.01USDT
$BTC
See original
Today (25th) Binance alpha airdrop! Big毛 potential
Brothers, good morning, I took a look at the data, the number of participants in the alpha airdrop has decreased by 200,000 in a week. Today, the estimated number of active users for Alpha is 338,000, while it was still 500,000 last week. It seems that many people have really left. It's quite normal, as the returns are not high, plus the year-end personnel changes. For the 毛 collection track, alpha is considered a relatively easy way to get started and achieve returns. When the next wave of big毛 rises, this batch of people will have to spend 15 days to catch up on points again.
Let's see what projects alpha has today.
1️⃣ Project Name: Irys ($Irys)
Funding Amount: $18 million
Launch Date: November 25, time TBD
Airdrop Threshold: Medium-High (225-239 points)
Expected Return: $50 - $62
Claim Method: Points claim, not announced in advance
Core Investors: Framework Ventures* Lemniscap* Hypersphere Ventures* CoinFund* Permanent Ventures*
Project Introduction: Irys is a Layer-1 data chain that surpasses the existing Layer-1 models, designed specifically for AI. By combining a low-cost storage layer with a high-performance, EVM-compatible execution layer (IrysVM), Irys achieves data programmability.
Additionally, this project has not given airdrops to community users, making it an extremely anti-毛 project. The chips are in the hands of the project party; let's see if they can pump it.
Brothers, good morning, I took a look at the data, the number of participants in the alpha airdrop has decreased by 200,000 in a week. Today, the estimated number of active users for Alpha is 338,000, while it was still 500,000 last week. It seems that many people have really left. It's quite normal, as the returns are not high, plus the year-end personnel changes. For the 毛 collection track, alpha is considered a relatively easy way to get started and achieve returns. When the next wave of big毛 rises, this batch of people will have to spend 15 days to catch up on points again.
Let's see what projects alpha has today.
1️⃣ Project Name: Irys ($Irys)
Funding Amount: $18 million
Launch Date: November 25, time TBD
Airdrop Threshold: Medium-High (225-239 points)
Expected Return: $50 - $62
Claim Method: Points claim, not announced in advance
Core Investors: Framework Ventures* Lemniscap* Hypersphere Ventures* CoinFund* Permanent Ventures*
Project Introduction: Irys is a Layer-1 data chain that surpasses the existing Layer-1 models, designed specifically for AI. By combining a low-cost storage layer with a high-performance, EVM-compatible execution layer (IrysVM), Irys achieves data programmability.
Additionally, this project has not given airdrops to community users, making it an extremely anti-毛 project. The chips are in the hands of the project party; let's see if they can pump it.
B
PEPE/USDT
Price
0.00000418
See original
The United States has proposed a 28-point peace plan, and all predictions from three years ago have come true:
First, Russia has prevented NATO's eastward expansion and has effectively gained control over the four eastern regions of Ukraine. According to public information from 2023, 70% of Ukraine's minerals are located in these four eastern regions. The economic value of these regions is at least over $10 trillion, primarily covering key minerals such as lithium, titanium, graphite, rare earths, and industrial bases.
Second, the United States has successfully completed the Federal Reserve's balance sheet reduction (the real cause of the war) by utilizing the war in Europe, and has secured the remaining 30% of Ukraine's resources.
Third, Europe disagrees with the 28 points because no one is willing to pay for Europe. Europe is like a fool, making a big fuss but ending up like this? Europe should consider why every world war has erupted in Europe. Is there something wrong with themselves?
Fourth, Ukraine has received 1,720,000 corpses (data from six months ago), along with the 'sovereignty' of the four eastern regions, and a security guarantee from the United States, allowing for priority accession to the EU, but never to NATO.
Trump said: Driver, it's over, stop adding drama! I don't have time to waste with you!
$BTC $BNB
First, Russia has prevented NATO's eastward expansion and has effectively gained control over the four eastern regions of Ukraine. According to public information from 2023, 70% of Ukraine's minerals are located in these four eastern regions. The economic value of these regions is at least over $10 trillion, primarily covering key minerals such as lithium, titanium, graphite, rare earths, and industrial bases.
Second, the United States has successfully completed the Federal Reserve's balance sheet reduction (the real cause of the war) by utilizing the war in Europe, and has secured the remaining 30% of Ukraine's resources.
Third, Europe disagrees with the 28 points because no one is willing to pay for Europe. Europe is like a fool, making a big fuss but ending up like this? Europe should consider why every world war has erupted in Europe. Is there something wrong with themselves?
Fourth, Ukraine has received 1,720,000 corpses (data from six months ago), along with the 'sovereignty' of the four eastern regions, and a security guarantee from the United States, allowing for priority accession to the EU, but never to NATO.
Trump said: Driver, it's over, stop adding drama! I don't have time to waste with you!
$BTC $BNB
SOL
Holding
Cumulative PNL
-103.24 USDT
See original
Yes
SOL
Holding
Cumulative PNL
-105.93 USDT
See original
An independent Bitcoin miner has lucked out and mined 3.146 BTC with extremely low hash power
An independent Bitcoin miner has lucked out and mined block 924569 with extremely low hash power (only about 1.2 TH/s), earning approximately 3.146 BTC, worth about 266,000 USD.
The miner used the CKpool platform, with a winning probability estimated at one in 1.2 million per day.
According to statistics, 13 blocks have been mined independently through CKpool in 2025, demonstrating that individual miners can still achieve rewards despite a highly centralized mining landscape.
$BTC $BNB
An independent Bitcoin miner has lucked out and mined block 924569 with extremely low hash power (only about 1.2 TH/s), earning approximately 3.146 BTC, worth about 266,000 USD.
The miner used the CKpool platform, with a winning probability estimated at one in 1.2 million per day.
According to statistics, 13 blocks have been mined independently through CKpool in 2025, demonstrating that individual miners can still achieve rewards despite a highly centralized mining landscape.
$BTC $BNB
B
ASTER/USDT
Price
1.228
See original
Why Can't You Hold Bitcoin?
There is a saying that the number of Bitcoins a person owns will ultimately correspond to that person's level of wealth, regardless of when they bought them.
If you were a loser when you bought Bitcoin, then the maximum market value of the Bitcoin you can hold is just the loser level plus one, and any excess portion you will sell, to buy a house, a car, or something else; but if you bought Bitcoin when you were already financially stable, then you can keep the remaining Bitcoin unless these values rise significantly higher than your other wealth levels, then you will sell part to realize other ideals at your level or to balance other asset allocations.
If you were a loser when you bought Bitcoin, then the maximum market value of the Bitcoin you can hold is just the loser level plus one, and any excess portion you will sell, to buy a house, a car, or something else; but if you bought Bitcoin when you were already financially stable, then you can keep the remaining Bitcoin unless these values rise significantly higher than your other wealth levels, then you will sell part to realize other ideals at your level or to balance other asset allocations.
See original
The Crash of Bitcoin to $86,000: Is the Shift in Federal Reserve Policy the Real Culprit?
When Bitcoin fell below the critical support level of $86,000 on November 21, 2025, the entire cryptocurrency market seemed to hit the panic button. The horrific data of 230,000 people facing liquidations totaling $830 million within 24 hours made investors suddenly realize: this crash may not be a simple technical correction, but a systemic risk triggered by a shift in Federal Reserve policy.
The data from the CME interest rate futures market reveals a harsh truth—the probability of a rate cut in December has fallen below 50%, indicating that the 18-month easing expectations are reversing. Wall Street investment banks quickly adjusted their models, and JPMorgan's latest report shows that the expectation of high interest rates has increased dollar liquidity pressure, with funds collectively fleeing from highly volatile assets like Bitcoin.
The data from the CME interest rate futures market reveals a harsh truth—the probability of a rate cut in December has fallen below 50%, indicating that the 18-month easing expectations are reversing. Wall Street investment banks quickly adjusted their models, and JPMorgan's latest report shows that the expectation of high interest rates has increased dollar liquidity pressure, with funds collectively fleeing from highly volatile assets like Bitcoin.
See original
Cryptocurrency
SOL
Holding
Cumulative PNL
-137.33 USDT
See original
It was just discovered that the market maker Wintermute issued a warning about the market two days ago. Generally, those who have access to exchange and large customer data have a higher level of credibility. They believe:
1. Bitcoin is still influenced by the U.S. stock market, with a very high correlation. When the U.S. stock market declines, BTC also tends to drop harder, but when the market rises, BTC does not follow as closely. In simple terms, it follows the downtrend but not the uptrend.
2. The last time this phenomenon occurred was in 2022 when the market turned bearish.
3. This has led people to have a more bearish outlook on BTC's trading trends compared to the U.S. stock market, with market pessimism outweighing optimism.
4. Looking ahead for the year, they believe that most of the new funds that should have flowed into the crypto market have instead turned to the U.S. stock market, which has exacerbated the situation for the stock market as a barometer.
5. In conclusion, they believe that the issuance of stablecoins in the market has become stable, the inflow of traditional ETF funds has slowed, and the market depth of exchanges has not yet recovered to the levels seen at the beginning of 2024 (which is why exchanges are laying off employees this year).
6. However, even so, they still believe that BTC will remain relatively strong during this downturn, having only retraced about 20% from its peak.
1. Bitcoin is still influenced by the U.S. stock market, with a very high correlation. When the U.S. stock market declines, BTC also tends to drop harder, but when the market rises, BTC does not follow as closely. In simple terms, it follows the downtrend but not the uptrend.
2. The last time this phenomenon occurred was in 2022 when the market turned bearish.
3. This has led people to have a more bearish outlook on BTC's trading trends compared to the U.S. stock market, with market pessimism outweighing optimism.
4. Looking ahead for the year, they believe that most of the new funds that should have flowed into the crypto market have instead turned to the U.S. stock market, which has exacerbated the situation for the stock market as a barometer.
5. In conclusion, they believe that the issuance of stablecoins in the market has become stable, the inflow of traditional ETF funds has slowed, and the market depth of exchanges has not yet recovered to the levels seen at the beginning of 2024 (which is why exchanges are laying off employees this year).
6. However, even so, they still believe that BTC will remain relatively strong during this downturn, having only retraced about 20% from its peak.
ASTER
Holding
Cumulative PNL
+41.11 USDT
See original
Every time the price drops, some people think it's the end of the world.
Time continues to pass.
$ASTER
Time continues to pass.
$ASTER
ASTER
Holding
Cumulative PNL
-4.13 USDT
See original
Recently, a bunch of altcoins have plummeted, not because no one is using them, but because new coins have suddenly flooded the market.
Aptos unlocked 25 million coins, and the price was halved directly; Fantom secretly issued an additional 300 million coins, causing the community to explode, and the coin price followed suit.
What you bought is not the "future," but continuously diluted equity.
Axie Infinity's price dropped by 99%, but its market value only decreased by 90%—that extra 9% is an illusion propped up by doubled circulation.
It's like you invested in a company, and the boss secretly prints new shares for employees every year; your shares become increasingly worthless, and you can't even ask.
Now, smart people are not looking at prices anymore; they are looking at lock-up rates, looking at unlock schedules; whoever is transparent is reliable.
Regulators have also started to focus on this kind of "invisible harvesting".
Don't be fooled by the "explosive growth" anymore; the real question to ask is: who is quietly printing these coins?
$BNB
Aptos unlocked 25 million coins, and the price was halved directly; Fantom secretly issued an additional 300 million coins, causing the community to explode, and the coin price followed suit.
What you bought is not the "future," but continuously diluted equity.
Axie Infinity's price dropped by 99%, but its market value only decreased by 90%—that extra 9% is an illusion propped up by doubled circulation.
It's like you invested in a company, and the boss secretly prints new shares for employees every year; your shares become increasingly worthless, and you can't even ask.
Now, smart people are not looking at prices anymore; they are looking at lock-up rates, looking at unlock schedules; whoever is transparent is reliable.
Regulators have also started to focus on this kind of "invisible harvesting".
Don't be fooled by the "explosive growth" anymore; the real question to ask is: who is quietly printing these coins?
$BNB
ASTER
Holding
Cumulative PNL
-10.7 USDT
See original
Volume Expansion or Volume Contraction
SOL
Holding
Cumulative PNL
-80.75 USDT
See original
Japan has clearly stated that starting in 2026, the tax rate on digital asset transactions will be unified to 20%, aligning it with the stock tax rate, and will officially be incorporated into the financial product regulatory system. This policy is not an isolated case but a clear signal of global industry compliance. $BNB
Good news for Aster! I! Aster's rise just happens to hit the core logic of this transformation.
Aster's core advantage: the underlying logic of accurately capturing policy dividends $XRP
1. Early layout of the global compliance system, adapting to multiple national tax systems.
Aster's compliance framework has been certified by mainstream global regulatory standards such as GDPR and FATF, covering core markets like Japan, the European Union, and Southeast Asia, enabling quick responses to tax policy adjustments in different regions.
The built-in AI-driven KYC and anti-money laundering systems ensure user privacy while achieving full traceability of transaction records, fully meeting the traceability requirements for tax declarations.
2. Tax-related supporting services directly address user pain points.
Provides multi-dimensional transaction record export functions, supports generating tax accounting reports according to regional tax system requirements, significantly reducing the difficulty and error probability of user declarations.
Collaborates with professional tax consulting institutions to provide users with targeted tax optimization advice, helping users to reasonably reduce tax costs under compliance, addressing the common industry problem of "difficulty in tax reporting."
3. Institutional-level asset security and ecological closed loop.
Adopts a multi-signature wallet + cold storage solution, deeply cooperating with professional custody institutions to achieve independent asset custody, avoiding the risk of platform misappropriation, and meeting institutional-level security standards.
Constructs a complete ecology of "transaction-custody-taxation-value-added services," supporting multi-functional capabilities such as cross-chain transactions and stablecoin wealth management, meeting diverse user needs within a compliance framework and forming differentiated competitive barriers.
Good news for Aster! I! Aster's rise just happens to hit the core logic of this transformation.
Aster's core advantage: the underlying logic of accurately capturing policy dividends $XRP
1. Early layout of the global compliance system, adapting to multiple national tax systems.
Aster's compliance framework has been certified by mainstream global regulatory standards such as GDPR and FATF, covering core markets like Japan, the European Union, and Southeast Asia, enabling quick responses to tax policy adjustments in different regions.
The built-in AI-driven KYC and anti-money laundering systems ensure user privacy while achieving full traceability of transaction records, fully meeting the traceability requirements for tax declarations.
2. Tax-related supporting services directly address user pain points.
Provides multi-dimensional transaction record export functions, supports generating tax accounting reports according to regional tax system requirements, significantly reducing the difficulty and error probability of user declarations.
Collaborates with professional tax consulting institutions to provide users with targeted tax optimization advice, helping users to reasonably reduce tax costs under compliance, addressing the common industry problem of "difficulty in tax reporting."
3. Institutional-level asset security and ecological closed loop.
Adopts a multi-signature wallet + cold storage solution, deeply cooperating with professional custody institutions to achieve independent asset custody, avoiding the risk of platform misappropriation, and meeting institutional-level security standards.
Constructs a complete ecology of "transaction-custody-taxation-value-added services," supporting multi-functional capabilities such as cross-chain transactions and stablecoin wealth management, meeting diverse user needs within a compliance framework and forming differentiated competitive barriers.
ASTER
Holding
Cumulative PNL
+14.51 USDT
See original
The Great Crash in Bitcoin History
$BTC What major crashes has Bitcoin experienced? $SOL
1. June 2011: a drop of 99%. (Hackers attacked the then-largest Bitcoin exchange, Mt. Gox, stealing millions of dollars worth of Bitcoin, leading to a collapse of confidence.)
2. August 2012: a drop of 56%. (Involved in a Ponzi scheme, Bitcoin plummeted after withdrawals were halted by Bitcoin Savings and Trust operated by Trendon Shavers.)
3. April 2013: a drop of 83%. (Increased trading volume and DDoS attacks overwhelmed the Bitcoin exchange Mt. Gox, pausing trading and triggering panic selling among users.)
4. December 2013: a drop of about 40%. (The People's Bank of China and four other ministries issued a notice on "Preventing Bitcoin Risks.")
5. February 2014: a drop of over 50%. (On February 28, 2014, the Bitcoin exchange Mt. Gox filed for bankruptcy and disclosed a loss of 850,000 Bitcoins.)
6. End of 2017 - End of 2018: a drop of 80%. (After Bitcoin reached an all-time high, the bubble burst, and rumors of hacking attacks on major exchanges in Japan and South Korea further eroded confidence.)
7. March 2020: a drop of 50%. (As the pandemic triggered a global market crash, Bitcoin, like many speculative assets, was hit first.)
8. May 2021: a drop of 44%. (Elon Musk announced that Tesla would suspend accepting Bitcoin for vehicle purchases. China cracked down on Bitcoin mining and trading activities.)
9. November 2022: a drop of 25%. (One of the largest and most famous cryptocurrency exchanges, FTX, went bankrupt, shaking investor confidence and triggering a chain reaction.)
10. September 2024: a drop of 20%. (Negative market sentiment triggered by Grayscale's ETF selling of Bitcoin, concerns about global economic recession, and interest rate issues led to two waves of decline.)
11. February-March 2025: a drop of about 25% (U.S. President Trump's tariffs, large-scale ETF fund outflows, and challenges in the stock market led to a sharp decline in Bitcoin's valuation.)
12. October 2025: a drop of about 14%. (Trump's tariff comments triggered risk-averse sentiment, and the decoupling of stablecoin USDe caused panic.)
13. November 2025: a drop of over 7%. (Federal Reserve Chairman Powell's hawkish comments, along with the collapse of AI concept stocks, put pressure on risk assets.)
1. June 2011: a drop of 99%. (Hackers attacked the then-largest Bitcoin exchange, Mt. Gox, stealing millions of dollars worth of Bitcoin, leading to a collapse of confidence.)
2. August 2012: a drop of 56%. (Involved in a Ponzi scheme, Bitcoin plummeted after withdrawals were halted by Bitcoin Savings and Trust operated by Trendon Shavers.)
3. April 2013: a drop of 83%. (Increased trading volume and DDoS attacks overwhelmed the Bitcoin exchange Mt. Gox, pausing trading and triggering panic selling among users.)
4. December 2013: a drop of about 40%. (The People's Bank of China and four other ministries issued a notice on "Preventing Bitcoin Risks.")
5. February 2014: a drop of over 50%. (On February 28, 2014, the Bitcoin exchange Mt. Gox filed for bankruptcy and disclosed a loss of 850,000 Bitcoins.)
6. End of 2017 - End of 2018: a drop of 80%. (After Bitcoin reached an all-time high, the bubble burst, and rumors of hacking attacks on major exchanges in Japan and South Korea further eroded confidence.)
7. March 2020: a drop of 50%. (As the pandemic triggered a global market crash, Bitcoin, like many speculative assets, was hit first.)
8. May 2021: a drop of 44%. (Elon Musk announced that Tesla would suspend accepting Bitcoin for vehicle purchases. China cracked down on Bitcoin mining and trading activities.)
9. November 2022: a drop of 25%. (One of the largest and most famous cryptocurrency exchanges, FTX, went bankrupt, shaking investor confidence and triggering a chain reaction.)
10. September 2024: a drop of 20%. (Negative market sentiment triggered by Grayscale's ETF selling of Bitcoin, concerns about global economic recession, and interest rate issues led to two waves of decline.)
11. February-March 2025: a drop of about 25% (U.S. President Trump's tariffs, large-scale ETF fund outflows, and challenges in the stock market led to a sharp decline in Bitcoin's valuation.)
12. October 2025: a drop of about 14%. (Trump's tariff comments triggered risk-averse sentiment, and the decoupling of stablecoin USDe caused panic.)
13. November 2025: a drop of over 7%. (Federal Reserve Chairman Powell's hawkish comments, along with the collapse of AI concept stocks, put pressure on risk assets.)
See original
What is BTC
The founder of Bitcoin, 'Satoshi Nakamoto', owns 1.1 million bitcoins. With each coin valued at $100,000, his wealth amounts to at least $110 billion. Strangely, the name 'Satoshi Nakamoto' is fake; in Chinese, it translates to '中本聪', which sounds like a randomly chosen pseudonym.
The 2008 financial crisis broke out, and banks around the world faced problems one after another. People began to doubt the entire financial system. As trust in authoritative institutions collapsed, an account claiming to be Satoshi Nakamoto published (Bitcoin: A Peer-to-Peer Electronic Cash System) online.
The 2008 financial crisis broke out, and banks around the world faced problems one after another. People began to doubt the entire financial system. As trust in authoritative institutions collapsed, an account claiming to be Satoshi Nakamoto published (Bitcoin: A Peer-to-Peer Electronic Cash System) online.
See original
Liquidated 8 Bitcoins
$BTC It wasn't my liquidation; it was a user doing risk-free arbitrage who directly lost eight BTC, about 420W RMB.
This incident is quite educational, so I'll briefly explain.
The cause of the incident is that in September, a certain exchange launched a high-interest incentive activity for USDE (a type of stablecoin).
That is, if users hold USDE, they can enjoy an annualized interest rate of 12%.
Such a risk-free and high-interest activity, heavily promoted by the official platform of the exchange, quickly attracted a large amount of capital to enter the market.
The origin of risk
For users who already hold stablecoins USDT and USDE, there is no risk exposure.
This incident is quite educational, so I'll briefly explain.
The cause of the incident is that in September, a certain exchange launched a high-interest incentive activity for USDE (a type of stablecoin).
That is, if users hold USDE, they can enjoy an annualized interest rate of 12%.
Such a risk-free and high-interest activity, heavily promoted by the official platform of the exchange, quickly attracted a large amount of capital to enter the market.
The origin of risk
For users who already hold stablecoins USDT and USDE, there is no risk exposure.
See original
Important Information on the Entire Cryptocurrency Market as of November 7
Market Overview: Volatile Fluctuations and Sector Divergence
In the past 24 hours, the cryptocurrency market has been under overall pressure, but significant divergence has emerged internally. Bitcoin failed to hold key levels, dropping again below $100,000, leading to a wave of bearish sentiment across the market. However, in this adjustment atmosphere, the DePIN (Decentralized Physical Infrastructure) and AI sectors have strengthened against the trend, indicating that funds are not withdrawing entirely but are undergoing structural reallocation.
Core Dynamics Analysis
1. Signs of a Liquidity Crisis
After experiencing dramatic fluctuations in October, market liquidity is significantly deteriorating. A large amount of market-making capital has chosen to exit and observe, leading to very thin order book depths across major exchanges. The direct consequence is that even relatively small buy and sell orders can trigger severe price swings, especially during the late-night hours when liquidity is poorer, resulting in some small-cap cryptocurrencies experiencing brief 'spike' or 'rollercoaster' market movements.
In the past 24 hours, the cryptocurrency market has been under overall pressure, but significant divergence has emerged internally. Bitcoin failed to hold key levels, dropping again below $100,000, leading to a wave of bearish sentiment across the market. However, in this adjustment atmosphere, the DePIN (Decentralized Physical Infrastructure) and AI sectors have strengthened against the trend, indicating that funds are not withdrawing entirely but are undergoing structural reallocation.
Core Dynamics Analysis
1. Signs of a Liquidity Crisis
After experiencing dramatic fluctuations in October, market liquidity is significantly deteriorating. A large amount of market-making capital has chosen to exit and observe, leading to very thin order book depths across major exchanges. The direct consequence is that even relatively small buy and sell orders can trigger severe price swings, especially during the late-night hours when liquidity is poorer, resulting in some small-cap cryptocurrencies experiencing brief 'spike' or 'rollercoaster' market movements.
See original
$BTC What major crashes has Bitcoin experienced? $SOL
1. June 2011: a drop of 99%. (Hackers attacked the then-largest Bitcoin exchange, Mt. Gox, stealing millions of dollars worth of Bitcoin, leading to a collapse of confidence.)
2. August 2012: a drop of 56%. (Involved in a Ponzi scheme, Bitcoin plummeted after withdrawals were halted by Bitcoin Savings and Trust operated by Trendon Shavers.)
3. April 2013: a drop of 83%. (Increased trading volume and DDoS attacks overwhelmed the Bitcoin exchange Mt. Gox, pausing trading and triggering panic selling among users.)
4. December 2013: a drop of about 40%. (The People's Bank of China and four other ministries issued a notice on "Preventing Bitcoin Risks.")
5. February 2014: a drop of over 50%. (On February 28, 2014, the Bitcoin exchange Mt. Gox filed for bankruptcy and disclosed a loss of 850,000 Bitcoins.)
6. End of 2017 - End of 2018: a drop of 80%. (After Bitcoin reached an all-time high, the bubble burst, and rumors of hacking attacks on major exchanges in Japan and South Korea further eroded confidence.)
7. March 2020: a drop of 50%. (As the pandemic triggered a global market crash, Bitcoin, like many speculative assets, was hit first.)
8. May 2021: a drop of 44%. (Elon Musk announced that Tesla would suspend accepting Bitcoin for vehicle purchases. China cracked down on Bitcoin mining and trading activities.)
9. November 2022: a drop of 25%. (One of the largest and most famous cryptocurrency exchanges, FTX, went bankrupt, shaking investor confidence and triggering a chain reaction.)
10. September 2024: a drop of 20%. (Negative market sentiment triggered by Grayscale's ETF selling of Bitcoin, concerns about global economic recession, and interest rate issues led to two waves of decline.)
11. February-March 2025: a drop of about 25% (U.S. President Trump's tariffs, large-scale ETF fund outflows, and challenges in the stock market led to a sharp decline in Bitcoin's valuation.)
12. October 2025: a drop of about 14%. (Trump's tariff comments triggered risk-averse sentiment, and the decoupling of stablecoin USDe caused panic.)
13. November 2025: a drop of over 7%. (Federal Reserve Chairman Powell's hawkish comments, along with the collapse of AI concept stocks, put pressure on risk assets.)
1. June 2011: a drop of 99%. (Hackers attacked the then-largest Bitcoin exchange, Mt. Gox, stealing millions of dollars worth of Bitcoin, leading to a collapse of confidence.)
2. August 2012: a drop of 56%. (Involved in a Ponzi scheme, Bitcoin plummeted after withdrawals were halted by Bitcoin Savings and Trust operated by Trendon Shavers.)
3. April 2013: a drop of 83%. (Increased trading volume and DDoS attacks overwhelmed the Bitcoin exchange Mt. Gox, pausing trading and triggering panic selling among users.)
4. December 2013: a drop of about 40%. (The People's Bank of China and four other ministries issued a notice on "Preventing Bitcoin Risks.")
5. February 2014: a drop of over 50%. (On February 28, 2014, the Bitcoin exchange Mt. Gox filed for bankruptcy and disclosed a loss of 850,000 Bitcoins.)
6. End of 2017 - End of 2018: a drop of 80%. (After Bitcoin reached an all-time high, the bubble burst, and rumors of hacking attacks on major exchanges in Japan and South Korea further eroded confidence.)
7. March 2020: a drop of 50%. (As the pandemic triggered a global market crash, Bitcoin, like many speculative assets, was hit first.)
8. May 2021: a drop of 44%. (Elon Musk announced that Tesla would suspend accepting Bitcoin for vehicle purchases. China cracked down on Bitcoin mining and trading activities.)
9. November 2022: a drop of 25%. (One of the largest and most famous cryptocurrency exchanges, FTX, went bankrupt, shaking investor confidence and triggering a chain reaction.)
10. September 2024: a drop of 20%. (Negative market sentiment triggered by Grayscale's ETF selling of Bitcoin, concerns about global economic recession, and interest rate issues led to two waves of decline.)
11. February-March 2025: a drop of about 25% (U.S. President Trump's tariffs, large-scale ETF fund outflows, and challenges in the stock market led to a sharp decline in Bitcoin's valuation.)
12. October 2025: a drop of about 14%. (Trump's tariff comments triggered risk-averse sentiment, and the decoupling of stablecoin USDe caused panic.)
13. November 2025: a drop of over 7%. (Federal Reserve Chairman Powell's hawkish comments, along with the collapse of AI concept stocks, put pressure on risk assets.)
ASTER
Holding
Cumulative PNL
-0.32 USDT
See original
$BTC Bitcoin $45 billion quietly leaves the stage: whales retreat, faith collapses $BNB
In one month, $45 billion was quietly withdrawn from the cryptocurrency table. This Bitcoin crash is markedly different from the past.
In the past, there were leveraged liquidations, and gamblers cried out in despair, but after the storm, they would return; now, however, it is the 'whales' who are calmly exiting. It's like a grand party that hasn't ended, with music and lights still on, while the smartest profit-takers have quietly left through the back door.
What is most alarming is not the panic, but the calmness of this well-calculated exit— they are not being swept away by the market, but are actively choosing to exit after making enough profit. When large holders with thousands of Bitcoins stop buying and continue to sell, the market's support power has already become weak.
Data shows that in the past month, long-term holders sold about 400,000 Bitcoins, and Bitcoin once fell below the $100,000 mark. Some analysts predict that the selling wave may continue until spring next year, with prices possibly dipping to $85,000.
Digital illusions, but the feeling is real: when the most seasoned sailor on the ship quietly puts on a life jacket, winter may just be beginning. This collapse of faith is far more concerning than a simple crash.
In one month, $45 billion was quietly withdrawn from the cryptocurrency table. This Bitcoin crash is markedly different from the past.
In the past, there were leveraged liquidations, and gamblers cried out in despair, but after the storm, they would return; now, however, it is the 'whales' who are calmly exiting. It's like a grand party that hasn't ended, with music and lights still on, while the smartest profit-takers have quietly left through the back door.
What is most alarming is not the panic, but the calmness of this well-calculated exit— they are not being swept away by the market, but are actively choosing to exit after making enough profit. When large holders with thousands of Bitcoins stop buying and continue to sell, the market's support power has already become weak.
Data shows that in the past month, long-term holders sold about 400,000 Bitcoins, and Bitcoin once fell below the $100,000 mark. Some analysts predict that the selling wave may continue until spring next year, with prices possibly dipping to $85,000.
Digital illusions, but the feeling is real: when the most seasoned sailor on the ship quietly puts on a life jacket, winter may just be beginning. This collapse of faith is far more concerning than a simple crash.
ASTER
Holding
Cumulative PNL
+0.36 USDT
Login to explore more contents