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49643632 No.49643632 [Reply] [Original]

>Two algorithmic stablecoins have been coming off their peg (USDD and USDN) and their coins are at resistance
>Celsius wallet 7k away from liquidating hundreds of millions
>Saylor nearing a level where his investors demand their capital back
>stocks are just now rolling over into a bear market
>stETH monopoly money market flood
>several exchanges down yesterday because they didn't have liquidity
>venture capitalists and institutions can't ride funds into a bear market

I hope everyone is prepared for a 1929 black swan crypto event.

>> No.49643722

When BTC starts hitting the levels that "it could never go to" ie under 20k, there is billions locked in defi protocols with btc as collateral, or worse, alt coins.

We are approaching a 1929 event with no fed to bail us out. Make sure you don't have funds on exchanges

>> No.49643804

>>49643722
Checked and unlike Luna, Tron won’t death spiral on a USDD depeg. Justin Sun has the capital to hold it together. To be honest I don’t care if the market tanks or goes vertical anymore now that futures exist. Movement in general is creating opportunities

>> No.49644012

>>49643804
He deposited 700 million to maintain the peg. Tron is sitting on a cliff of a correction down to .035. Luna had billions to maintain their peg and they were able. Usdd and usdn have both been losing theirs, going down to .95 and they are both sitting on a cliff. It could absolutely he one of many things that breaks this market in the next month

>> No.49644048

>>49644012
Werent* obvs

>> No.49645150

>>49643632
Glad Im poor

>> No.49646845

>>49643632
>>Two algorithmic stablecoins have been coming off their peg (USDD and USDN) and their coins are at resistance
Nobody uses them
>>Celsius wallet 7k away from liquidating hundreds of millions
Covered their position
>>Saylor nearing a level where his investors demand their capital back
Institutional investors will buy the dip
>>stocks are just now rolling over into a bear market
Because of the fed, now we've bottomed
>>stETH monopoly money market flood
Just a liquidity matter
>>several exchanges down yesterday because they didn't have liquidity
Binance just had tx stuck because of network gas congestion issues
>>venture capitalists and institutions can't ride funds into a bear market
That's when smart money pops in
>I hope everyone is prepared for a 1929 black swan crypto event.
Bobos you've had your fun, now we've bottomed out, OTC desks are reporting trends are already reversing, Celsius situation was overblown and was already resolved, and the fed numbers are priced in. Let's go

>> No.49647682

>>49643632
use RAI