Tag: cryptocurrency trading

Fear in the Market

The latest crypto sell-off wasn’t really about macro conditions or a shift in conviction. It was a leverage unwind. More than $19.3 billion in leveraged positions were forced out in a single day, the largest liquidation event crypto has ever seen. Open interest dropped from $140B to about $70B, which is a full reset of […]

Empyrean Sloth

I sat surrounded by seven monitors, their blue light painting my skin the color of deep water. The apartment hadn’t seen daylight in weeks. Blackout curtains sealed away the world beyond these walls, beyond the constellation of charts that mapped my slow descent into nothing. The numbers flickered. Bitcoin down eighteen percent in twelve hours. […]