Published 24 Aug 2026, 14:53 UTC · fetched 12 Oct 2026, 06:29 UTC
The Wolf Of All Streets
@scottmelker
Quoting · 24 Aug 2026, 13:00 UTC · context given to the AI
Bitcoin RIPS 24% as $2.6 BILLION Floods Back Into Crypto https://t.co/baiFuBVNTE"I've not been able to figure this out, who was short in that size at like 63k" Alex Thorn on the hubris that may have marked the bottom "It hasn't quite made sense yet" "Liquidation data is a little noisy and hard to gather with confidence, but it was the largest liquidation of shorts we could find. I think it eventually was well over 2 billion, maybe towards 3 billion in short liquidations, effectively at the 52 week low" "Maybe that's the type of hubris that helps mark a bottom, the shorts way too short at the bottom. This usually does happen if you go through various cycle bottoms for Bitcoin, just the way longs get carried out on stretchers on October 10th" "We were stretched to the downside, so I think it was susceptible, there was the dry kindling in the fire, susceptible to a spark"View original on X ↗
Deterministic: the same prices and policy always give the same result
unscored Awaiting manual review
Only the end-of-horizon price counts. A brief move followed by a reversal is not a success. Read the methodology
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