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DOGEcoin flash-crashed 50% during the crypto selloff
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Date: October 10th, 2025 6:25 PM Author: mind-boggling voyeur range looks like it recovered around half of its losses, but LOL. (http://www.autoadmit.com/thread.php?thread_id=5785197&forum_id=2Reputation#49340547) |
Date: October 10th, 2025 6:27 PM Author: boyish crystalline cruise ship feces yeah tons of amazingly useful tokens hit 50% sell off then bounced on all the bids - another 20% down to go over the weekend.
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Date: October 10th, 2025 6:28 PM Author: submissive histrionic church prole "it's worth pretty much whatever we want" (http://www.autoadmit.com/thread.php?thread_id=5785197&forum_id=2Reputation#49340558) |
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Date: October 10th, 2025 6:29 PM Author: twinkling diverse philosopher-king church building The across the board down 50% moves are weird even for crypto (http://www.autoadmit.com/thread.php?thread_id=5785197&forum_id=2Reputation#49340562) |
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Date: October 10th, 2025 6:32 PM Author: boyish crystalline cruise ship feces (http://www.autoadmit.com/thread.php?thread_id=5785197&forum_id=2Reputation#49340575) |
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Date: October 10th, 2025 7:06 PM Author: irradiated hell old irish cottage No they aren't. You have to understand that these moves are not humans selling. They are leveraged longs being forced out of their positions. When they get liquidated, their coins get automatically sold. This knocks the price down and then more people get liquidated.
These forced sales are happening regardless of if there are any bids to absorb them, so they can drop the price a TON if the liquidity isn't there. People who would step in and buy the dip often can't because it happens so fast.
It's especially insane on coins that mostly operate on defi, because the blockchain slows to a crawl, site frontends are crashing so people can't use them, and gas prices skyrocket to hundreds or thousands of times what they normally would be. This afternoon I saw something that would normally cost 2 cents quoted at $45 in gas.
People on defi lending platforms were getting their shit liquidated left and right and in some cases couldn't even use the platforms to close out their positions while this was going on. And all of these liquidations are going straight to DEXes that definitely don't have the liquidity to absorb them in an orderly way, so the stair-step "liquidation cascade" down just gets crazier and crazier. I saw one layer1 shitcoin go from 25 cents to 8 cents.
Tbh the whole thing felt orchestrated as fuck. Large players do this on purpose to buy the bottom of the cascade. They waited until tradfi markets were closed to maximize the impact. These are always the best times to buy, although the last tariff panic had a lot of shenanigans during asian trading hours so the risk is still there. |
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Date: October 10th, 2025 8:03 PM Author: twinkling diverse philosopher-king church building I know all of this. Still weird. Never been that in unison with that veracity for what was a 15% BTC dump before. I don't think there will be any sustained buying pressure again maybe ever but probably the start of multi year bear imo. (http://www.autoadmit.com/thread.php?thread_id=5785197&forum_id=2Reputation#49340803) |
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Date: October 10th, 2025 8:58 PM Author: Honey-headed vibrant business firm To be fair,
IMPORTANT REMINDER TO ANYONE GETTING NERVOUS READING THIS EXCHANGE -- THIS GENIUS LITERALLY BELIEVES THAT BTC IS GOING TO PLUMMET DOWN TO $800 "SOON".
https://autoadmit.com/thread.php?thread_id=5785172&mc=6&forum_id=2
Btw if that actually happened (it won't) and you didn't *immediately* sell every single asset you could liquidate, take out every loan you could secure, and go all in buying up as much BTC as possible, you'd be the biggest retard in the world. Just FYI. |
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Date: October 11th, 2025 8:21 AM Author: irradiated hell old irish cottage It literally did the exact same thing but worse 6 months ago. Are you forgetting ETH was recently $1400? (http://www.autoadmit.com/thread.php?thread_id=5785197&forum_id=2Reputation#49341506) |
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Date: October 10th, 2025 8:05 PM Author: Pearl corner hominid (http://www.autoadmit.com/thread.php?thread_id=5785197&forum_id=2Reputation#49340809) |
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Date: October 10th, 2025 9:29 PM Author: Smoky Kitty (http://www.autoadmit.com/thread.php?thread_id=5785197&forum_id=2Reputation#49340941) |
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Date: October 12th, 2025 4:31 PM Author: irradiated hell old irish cottage Apparently it was exactly what I said except the meltdown started on Binance and then the contagion spread to defi. Coordinated liquidation cascade after close of tradfi markets, with Binance becoming inaccessible so people couldn't step in to fill positions. I don't use CEXes so I didn't personally see it happen, but some altcoins went to literally zero because the orderbooks were completely empty. So what I observed on the DEXes was actually way worse on CEXes. Again, nothing that hasn't happened before though. Eth has been flash-crashed to near zero.
https://cointelegraph.com/news/why-did-some-altcoins-on-binance-crash-to-zero
https://cointelegraph.com/news/usde-depeg-oracle-issues-ethena-founder
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Date: October 10th, 2025 9:23 PM Author: Chrome effete liquid oxygen ticket booth one of them went down over 70% today at one point. (http://www.autoadmit.com/thread.php?thread_id=5785197&forum_id=2Reputation#49340924) |
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Date: October 12th, 2025 4:35 PM Author: provocative rigor cuck Silly goyim (http://www.autoadmit.com/thread.php?thread_id=5785197&forum_id=2Reputation#49344441) |