2/ A few days ago, OG Bitcoin whale who swapped $BTC for $ETH got active. He deposited 3,000 $BTC and started selling them. But this time, he didn't convert them to ETH.

3/ 2 days later, this whale deposited USDC on Hyperliquid and started shorting $BTC. He then deposited more USDC to short $ETH too, and also transferred 50M USDC to Binance. And then, Trump's post came out.

4/ He threatened to impose heavy tariffs on China, and markets instantly nuked. SPX dropped 2%, NASDAQ 100 fell 3% while $BTC dropped below $118,000. But this was just the beginning.

5/ It was reported that Trump will make a big announcement, and markets expected that this could be related to tariffs. But there were 2 things that really surprised everyone: First was that OG whale started shorting $BTC and $ETH even more before Trump's announcement.

6/ Additionally, Trump announcement happened after the US market close. This means, a very bad event occurred and that too when large players weren't active. And then, Trump dropped the 100% tariff bomb which started the nuke.

7/ $BTC crashed to $102,000. $ETH crashed to $3,400. Large-caps crashed 50%-80% in just 5 minutes. $ATOM literally went to zero, while USDE depegged and crashed 35%.

8/ In the meantime, big exchanges like Binance and Coinbase went down. In just an hour, over $10B in longs got liquidated and it was absolute bloodbath. At one moment, it felt like we are back in March 2020 as there was literally nothing in the orderbooks for alts.

9/ And during the same time, OG whale started to close his positions. He made nearly $160M (only from Hyperliquid) and then withdrew everything. A perfect crash triggered by low liquidity+bad news along with the front running of insiders.

10/ What will happen next? Looking at today's dump one thing is very clear. Some big got rekt today, and we could see some contagion. Most times it's better to spot buy after such huge liquidations, but that's upto you.

11/ I still believe bull run is not over and this was a huge reset before running everything higher. My assumption is that we could range trade for a few weeks and alts could suffer more pain. US-China trade deal will happen again, so DCAing won't be a bad idea.

12/ Conclusion: Events like this are very hard to predict until you're an insider. I know a lot of people lost everything, but you can make it all back. Just don't revenge trade, take some time and then start fresh. If this market has taken anything from you, the same market

That’s a wrap! Got any questions about this thread? Drop them in the comments, and I’ll be happy to help. Stay updated by joining my Telegram: http://t.me/Alpha_Updates And if you found this useful, I’d really appreciate a follow: @Axel_bitblaze69 Thanks for reading! 😉

I hope this thread brought you some value! Make sure to follow @Axel_bitblaze69 for: • More valuable crypto insights • Real-time alpha & airdrop updates If you found this helpful, feel free to like/retweet the first tweet below!👇

@Axel_bitblaze69 not normal tariff reaction true, rare earth export controls lit the fuse, crypto feels it first

@Axel_bitblaze69 We are tired of winning 😂 https://x.com/0xtrueLightness/...

@Axel_bitblaze69 Funny how everyone says this is the reset before the big finale, but who's buying to create the big finale when most of retail is bankrupt from it?

@Axel_bitblaze69 Sighs.. insiders are gross. Profiting at the expense of masses’ blood sweat toil. Can’t wait for the monetary system powered by politics with broken trust and inflated men’s ego to be done with (w a system that none can control)! Anw all will have to give an account for their

@Axel_bitblaze69 Dude, in 2020 BTC crashed 50% in a few hours! But also Nasdaq crashed. People said Crypto market is dead, world was collapsing. Fear, panic on a different level. Yesterday was not even close to this!

@Axel_bitblaze69 imagine having your funds in a stable farm without a strong peg during this. crazy fr.

@Axel_bitblaze69 They said buy the dip Or DCA but?? With what?

@Axel_bitblaze69 That‘s why HL must be closed or regulated…big whales and insiders can operate in the dark ans this is not healthy for the market

@Axel_bitblaze69 Export control on the whole world Crypto aside that’s very bold from china Doesn’t look like the bad news is over

@Axel_bitblaze69 All i think of was that this was a true capitulation event, systemic leverage flushed out fast, hopefully now the market resets for real accumulation.

@Axel_bitblaze69 Be interesting to see what comes to light, hard to think a speculative tariff could cause so much blood

@Axel_bitblaze69 "Just don't revenge trade, take some time and then start fresh."

@Axel_bitblaze69 Let thank sink in. Bullish on HL I guess 🫤

@Axel_bitblaze69 I read the full thread ser, and for someone with little knowledge about Crypto, if you had to advice me, would you say I DCA into hype or sit this dip out and gain more exposure?

@Axel_bitblaze69 I love how informative this is always anticipating breakdowns from you I was 60% stables I hope we catch the upside soon

@Axel_bitblaze69 if you survived 2018 2020 and 2022 this is just another friday to add to the collection of war stories

@Axel_bitblaze69 Maybe only for leverage degens it felt worse than 2020.

@Axel_bitblaze69 I think a big player (similar to edge funds) lost everything (billions) hence why it went so low. For sure we will know who.

@Axel_bitblaze69 And people wonder why retail haven’t come back. The average person doesn’t want to deal with this shit

@Axel_bitblaze69 This one was wild. What's your plan moving forward?

@Axel_bitblaze69 Wait until next year… It’s going to feel like you’re a crack addict

@Axel_bitblaze69 Wasn't it spicy? 🔥

@Axel_bitblaze69 Trade only spot guys. If those long trade where spot they would still be valid