There were just too many longs levered up for post halving Q4 Uptober. And they all got liquidated. Sure there were insiders just like the politicians during the COVID 19 crash. But you’d have to be sophisticated enough to understand the history of the #Bitcoin 4 year cycle (yes it’s relevant until proven otherwise) and the amount of leverage longs that were out there. Trumps been talking about Tariffs all year. His administration doesn’t have time to fuck around on Deribit. There’s no reason that this was any different. Other than media outlets saying it was different. He had 145% tariffs on China back in April. It’s now 100%. This was news we knew all summer.
