Here is a 2-minute breakdown of everything important that happened in crypto today.
Bitcoin just pulled off the comeback of the year (literally!).
The $92K dip everyone was freaking out about yesterday? Well, Bitcoin just laughed it off and bounced straight back above $100K.
And for once, crypto isn't the troublemaker here. Traditional finance started this mess, but crypto markets showed they've got some serious resilience.
Looks like CT analysts were onto something (something we discussed in yesterday's newsletter). That "bear trap" prediction? Spot on. The market didn't just recover – it sprung right back like a rubber band.
The best part? While the big players were panicking, some traders were quietly making bank. (Looking at you, meme coin flippers!)
But there's more to this story than just numbers bouncing back. We're seeing something pretty interesting unfold between global politics and crypto markets.
So what's really going on? Let's make sense of it all! Here is a quick rundown of the top headlines from the past 24 hours:
- The massive $2B crypto liquidation wasn’t whales’ doing. Then what exactly happened? Was it the retail traders' fault? 📉
- Bybit's CEO claims the real liquidation numbers are closer to $10B, not $2.24B. But how did he come up with this number? 🤔
- A single Trump-Mexico phone call sent Bitcoin above $100K. But what's gonna happen after a month when this pause is over? 📞
- Solana meme coins defied the market crash with Fartcoin up 36%. But why is Fartcoin up double digits? 🚀
- Trump-linked DeFi project World Liberty Financial denies token sale rumors despite $373M in holdings. Could blockchain analysts verify their claims? 💼
Let's dive in!
The First Big Market Drop of This Year Wasn't Crypto's Fault
Traditional finance triggered the massive $2 billion crypto liquidation event, and for once, it wasn't crypto's fault. The market dropped sharply after Trump's latest trade moves, but here's the interesting part - this crash came from outside crypto, not from within.
Wintermute's CEO Evgeny Gaevoy broke down an important reality check: crypto markets are now deeply connected to traditional finance. The recent market turbulence had nothing to do with the usual suspects like exchange manipulation or whale games.
Then what exactly happened? Was it the retail traders’ fault? Read the full story!
Hidden Numbers Behind The Weekend Crash
The recent crypto market correction might be much bigger than initially reported.
While official data showed ~$2.24 billion in liquidations, Bybit's CEO Ben Zhou believes the real number could be closer to $10 billion.
Bybit alone saw $2.1 billion in liquidations. That's nearly as much as what was initially reported for the entire market. The discrepancy? It turns out many exchanges have API limitations that prevent them from reporting all liquidation data in real-time.
But why $10B? Read the full story!
And The Epic Crypto Recovery…
Trump’s phone calls with Mexico's President Sheinbaum and Canada’s Justin Trudeau changed everything - and crypto markets responded instantly.
The deal they struck? A one-month pause on those market-shaking tariffs.
Bitcoin immediately bounced back above $100K, while Ethereum and Solana showed impressive recoveries.
But what’s gonna happen after a month when this pause is over? Read the full story!
The Most Surprising Winners in Yesterday’s Market Chaos
While most crypto traders were watching their portfolios turn red, an unexpected group of traders found profit in the chaos - Solana meme coin flippers.
Even as the broader market struggled with Trump's tariff news, some clever traders managed to turn the market fear into opportunity.
Despite meme coins as a category being down 11.3% this week, individual tokens are still popping off. Take Fartcoin, for example - it's up 36% while major tokens are struggling. Even more interesting, new tokens are still being launched at nearly the same rate as before the crash.
But why is Fartcoin up double digits? Read the full story!
Trump-Linked DeFi Project Faces Token Sale Rumors
World Liberty Financial, the project having strong connections to the Trump family, rushed to deny rumors about selling their WLFI tokens.
The project's crypto holdings have grown to $373 million, with major positions in Ethereum and Wrapped Bitcoin. They claim they're just shuffling assets for "ordinary business purposes," but sources suggest they might be pursuing token swaps worth at least $10 million.
Despite the market turmoil, World Liberty recently hit its goal of selling 20% of its token supply. They're even planning to sell an extra 5% due to what they call "massive demand."
Could blockchain analysts verify their claims? Read the full story!
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