tbh the tape yesterday was pure trash. if u were holding long positions, you probably got wicked out before you could even blink.
we saw btc slice through 85k like it wasn't even there, hitting a low of around 83,300. but if you’re just looking at the price, you’re missing the actual story. this wasn't just a 'crypto dip' — it was a giant, mechanical margin call triggered by macro noise.
honestly, when microsoft drops 10% and the fed keeps rates at 3.5%+, crypto stops being 'uncorrelated.' it becomes the atm for every fund that needs to cover their tech losses. we aren't trading digital gold yet; we’re trading high-beta risk. when the kevin warsh news hit, the market basically priced in a liquidity squeeze, and the margin flush did the rest.
heres how i survived (and what u should probably change):
dont fall for the single point of failure trap. its the biggest mistake i see. people keep 100% of their money on one 'tier-1' exchange. then volatility spikes, the ui lags, and you're just watching your liquidation price get hit in slow motion.
i started keeping about 20% of my active collateral on a secondary venue as a side door. personally, i’ve been using bydfi for this lately. when the big platforms get overloaded or show those 'system busy' pop-ups, you need a backup that actually lets you manage your hedge or close a position. its not about brand loyalty, it’s about redundancy.
also, remember that liquidations are mechanical, not logical. once the 85k stop-loss hunt started, it became a feedback loop. price drops -> longs get liquidated -> forced market sells. if your position can’t survive a 'normal' 8% wick, you aren't positioning; you’re just gambling.
during that flush to 83k, the slippage was insane. if you tried to market-sell into that hole, you probably got filled at the absolute bottom. keep 'stink bids' deep in the order book instead.
so whats next? im watching the 80k-82k zone. if we don’t see open interest calm down here, we might have another leg lower.
Curious to hear from the survivors: did anyone actually manage to get an order through when it peaked? which platforms actually held up and which ones turned into a slideshow?
nfa.
