Thread 61084516

99.9% of the volume of course done by bots and triggered algos…but even so, that was an impressive feat.

Dumping through the order books on every cex and dex at the same time has got to require a pretty large upfront expenditure (that of course they get back) not to mention all the wallets and accounts that would need to hold enough spot of all the shitty little altcoins to dump through all the buy orders on on every crypto on all the cex and dex?

Who has the wherewithal to pull that off? The cex would have to know which accounts were behind it.

>>61084516 (OP)
they don't need to coordinate across every cex and dex. bots will do the job for them when they notice the arb opportunity

>>61084516 (OP)
>The cex would have to know which accounts were behind it.
But they are not going to incriminate themselves.

stop asking questions anon. if they find out you know their secret you will get a phone call. now listen to me, if you get that phone call, it's OVER. they will offer you a deal. whether you say yes or no really doesn't matter, both options suck. keep your mouth shut. tell nobody. you know, i know you know. i know too. but we must protect ourselves from them knowing we know. you know what i mean? i hope i didn't say too much;.

>>61084537
omg

>>61084516 (OP)
You wont believe me but these things can happen naturally when every retard from twitter is trading leverage on hyperliquid and was expecting an alt season. So they all went max long, then the trump dump happened and then later 1 big sale likely was enough to trigger liquidations which were so much that a chain reaction was triggered.

>>61084516 (OP)
Binance probably holds the largest supply of alts across the board. They do this type of shit all the time.

>>61084516 (OP)
>Who has the wherewithal to pull that off?

>>61084531
They need to coordinate across enough of them because other bots will just arbitrage any exchange that they didn’t cover. The price of Atom went to 0.

>>61084537
I know this was meant as a joke but its actually kind of sus and has me a bit bugged out. I know too.. I guess I should be worried...

>>61084550
Sell offs obviously happen and bots get triggered and it waterfalls etc. But the depth and breadth of this one implies that it was more than just triggered bots.

>>61084567
>The price of Atom went to 0.
it's real kek

>>61084580
Maybe but on the other hand the Uptober bullshit hype was also more then normal.

>>61084567
>>61084599
Actually it went to 10 rupees

>>61084550
This and way too much cross leverage. It's the default setting on hyperliquid and all these first timer perp gamblers won't change it 99% of time.

>>61084599
https://www.coingecko.com/en/coins/cosmos-hub
When? Is this the coin you're talking about? the 24h range doesn't show 0.

>>61084624
I actually didnt see that much uptober hype but I will take your word for it as i don’t go on twitter or social media much.

If this was an operation, and I am pretty sure it was, then advertising to generate hype would make the rug pull that much easier.

>>61084662
On Tradingview search binance:ATOMUSDT

>integrity dao breaks resistance
>line so steep it looks fake
>dextools freezing like it can’t process this level of bullshit
>everyone posting the same “holy fuck” at once
>feels like watching religion form in real time

No... its not... possible.... they..... t.. they have awakened......

>>61084662
ATOMUSDT BinanceUS

>>61084516 (OP)
same way they pump it, fake volume, wash trading, scam market.

>>61084744
Daily crypto trading volume is between $300bn and $400bn. Even if a lot of that is wash trading, it would still require $20bn in coordinated volume to move the market like that.

>>61084550
>>61084558
Newfags.

This altcoin nuke followed by an instant rebound has never happened before and we had much worse BTC crashes in the past.
This time most top 100 alts crashed 70% within minutes.

>>61084650
Liquidations on perps do not directly affect spot prices. It's bots doing arb between certain markets and MMs placing their limit orders accordingly.
Futures positions are not backed by the underlying asset, they are stablecoin settled so nothing gets sold on the spot market after a long liquidation.
Some alts on spot markets went close to zero, but perps didn't quite follow.

>>61084516 (OP)
Some guesses:
> API or system failure on exchanges
> Coordinated attack on perps to liquidate trades
> Malfunctioning bots or MMs not catching up with the markets
> Forced liquidations on lending platforms / margin leveraged spot positions

The orderbooks are quite thin on most exchanges because there is such a huge selection of alts + exchanges and not many people trade spot anymore.
Perp dexs are killing alts now. People are longing random alts instead of bidding spot.

>>61084567
>>61084678
>>61084728
yes, it went to 0... on Binance. really makes you think, doesn't it