The Kobeissi Letter-

The more you learn about the October 10th crypto liquidation, the crazier it gets:

First, crypto began selling off at 9:30 AM ET, well before the first tariff post at 10:57 AM ET.

At this point, many "whales" were already loading shorts in anticipation of a big drop.

Then, at 4:30 PM ET and 4:49 PM ET, a "whale" purchased over $23 MILLION of shorts.

Where it gets even more crazy is that longs were liquidated at a 7:1 ratio to shorts, also historically high.

This means that the vast majority (likely 80%+) of the 1.6 MILLION traders who were liquidated were levered long.

The "whales" then promptly sold shorts into the 5:20 PM ET bottom, just 30 minutes later, as volume crushed longs.

Volume was so strong that it led to the first EVER $20,000 candlestick in Bitcoin, a -$380 BILLION drop in market cap, before a V-shaped bottom as shorts were closed.

Not only was this the largest liquidation ever, it was 9 TIMES the previous record.

This event will be referenced for years to come.

rest of the world = gold , usa = btc

where u support ?