Recap of the past 5 weeks in crypto:- Consistent bleeding on altcoins after 6 weeks of risk-on season. No liquidation ca | Hanami
Recap of the past 5 weeks in crypto:
- Consistent bleeding on altcoins after 6 weeks of risk-on season. No liquidation cascade, just dumps and bounces into lower highs. BTC dumped from $87k to $75k.
- Massive sell-off on the AI infra trade for a month. Most of these stocks are down between -25% and -50%. Largest daily dump of the year on QQQ after the Dem sweep last week.
- Binance got hacked on October 29 for $3bn, but BTC 'only' dumped -5% on the news.
- ICE announced it wanted to launch HL perpetuals in the US: $HYPE pumped +22% on the news but has retraced the whole move
- Scam coins: $IRYS had a 40x pump-and-dump in 3 days, and $BTW ran to $28bn FDV at its top
- $PEPE has been the strongest large cap recently, up +40% vs OTHERS in a month. $XMR is outperforming too in its own lane.