Bitcoin sees another flash crash, leading to $1.52 billion cascade in crypto liquidations

🚨 Crypto News: The crypto market just took a wild nosedive, racking up $1.52 billion in liquidations in 24 hours as $BTC suffered yet another flash crash. Long traders got the short end of the stick, losing a staggering $1.39 billion, while $137 million in shorts were liquidated. This is the second week in a row of gut-wrenching volatility, with altcoins feeling most of the pain.

$ETH led the pack of downtrending altcoins, losing $134.50 million in just four hours as prices dipped to $3,510 before climbing back to $3,700. Meanwhile, $DOGE stumbled to $0.38 before recovering slightly to $0.422. Top alt losers $SOL and $XRP weren't spared either, with liquidations of $33.61 million and $33.78 million, respectively. Even $ADA felt the heat, struggling just to stay near the $1 mark.

A toxic cocktail of over-leveraged positions, weakened sentiment, and cascading stop losses supercharged this sell-off. Binance led the liquidation leaderboard with $417.65 million wiped out, followed by OKX and Bybit. The biggest single event? A $19.69 million liquidation on Binance’s ETHUSDT pair.

While traders lick their wounds, the crypto Fear and Greed Index ironically remains in Extreme Greed at 78. The market’s telling us: volatility is the name of the game. Buckle up.

CryptoMarket #BitcoinCrash #AltcoinsDip

The Eternal Network | EU / PC | PvE Chernarus | Brand New Community

The above image features AI generated content and does not reflect in game mechanics or features. This image is for branding/advertising purposes only.

The Eternal Network | DayZ

The Eternal Network is your ultimate survival challenge!

Step into the rugged world of Chernarus where every decision matters. The Eternal Network offers a dynamic PvE experience, giving survivors the freedom to explore, build, and thrive in a challenging environment—without constant fear of hostile players. For those seeking a more dangerous thrill, venture into The Dark Zone, a high-stakes PvP area where only the boldest will prevail.

With unique points of interest and diverse gameplay mechanics, The Eternal Network offers endless opportunities to test your skills. Whether you roam as a lone wolf, carve out a home in the wilderness, or gather allies to take on the unknown, there’s always a new story to create.

Will you brave the elements, build a legacy, or risk it all in The Dark Zone? The choice is yours. Forge your path and leave your mark on Chernarus with The Eternal Network!

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Server (Available on DZSA) - Eternal | Cherno | PvE | AI | Quests | Drugs | BBP | DNA
Connection Details: 144.76.179.34:2602

Region - EU Based (NA/OC Stable Connection)

Platform - PC (Vanilla Launcher / DZSA)

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- Airdrops
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- Mainly PVE with a PVP Zone (The Dark Zone)
- Regular Community Challenges

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The Eternal Network is growing, and we’d love for you to be part of it!

We’re a brand-new server with a vision of building a thriving and vibrant community. Whether you’re looking to explore, survive, or just chat with fellow DayZ players, there’s a place for you here.

We’re also recruiting staff members to help us shape and grow the network into something truly special. If you’re passionate about DayZ and want to make a difference, we’d love to have you on board.

Join our Discord today—even if it’s just to join in on the conversation. The Eternal Network’s future starts with you!

https://discord.gg/GEPsPnRQ

Not another tweet about quantum computing. An important update this time. Lots of discussion already around it with most of it fear mongering. Read the comments to learn why you don’t need to worry.

https://i.redd.it/1pqusypv1w5e1.jpeg

Famous Bitcoin critic claims cryptocurrency could destroy the dollar

Peter Schiff, an economist and well-known Bitcoin critic, recently suggested that the cryptocurrency could destroy the US dollar. However, he did not mean this as praise, but rather as a criticism of the US strategy of creating a strategic BTC reserve.

Her comments focus on the potential for US government intervention in Bitcoin markets, which could have unpredictable consequences for the value of the dollar. Furthermore, one of the promises of Senator-elect Cynthia Lummis is to create a strategic BTC reserve for the US, a project that has already been introduced in the country's Congress.

Schiff, who has long argued that Bitcoin is a speculative asset, points to the possibility of the U.S. government inflating the money supply and creating an unsustainable economic bubble.

Bitcoin will lead to the collapse of the dollar

It all started on Thursday, December 5th, the same day BTC broke its all-time high and hit $103,000. Shortly after this event, Schiff posted a tweet on his X account, commenting that BTC only reached $100,000 due to manipulations by the US government.

The message attracted the attention of the community, but Schiff continued to stick to his stance. The economist claimed that the rise of Bitcoin could eventually lead to the collapse of the US currency.

Schiff's concerns center on the possibility of the U.S. government adopting Bitcoin on a large scale and, in doing so, increasing the supply of dollars. Schiff believes that this strategy could create a massive economic bubble and even generate hyperinflation in the currency.

“Bitcoin could end up destroying the dollar. Not because it replaces it as the global reserve currency, but because the U.S. government would print trillions of dollars to buy it. This could fuel an even bigger bubble that drains the nation of wealth,” Schiff warned.

https://preview.redd.it/ossbn1154t5e1.png?width=1202&format=png&auto=webp&s=34360219555d6d6b1335a19c54aac9ec6991f4c0

However, Federal Reserve (Fed) Chairman Jerome Powell expressed a different opinion, stating that Bitcoin is more comparable to gold than to the US dollar. He emphasized that Bitcoin, like gold, is a speculative asset and not a direct competitor to the dollar.

Furthermore, the federal government is not the only entity in the US that has plans to create a Bitcoin reserve. Shortly after Donald Trump was elected, the state of Pennsylvania introduced a bill establishing a BTC reserve.

Risks of Trump's plan

Trump's idea of ​​building a Bitcoin reserve involves making annual purchases so as not to affect the price abruptly. With this, the US could accumulate a reserve of up to 1 million BTC during the president-elect's term.

It is worth noting that the Bitcoin reserve would be part of the assets held by the US, and not the only reserve. However, Senator Lummis's bill provides for the sale of part of the gold reserves to acquire BTC. And this is what sparked criticism from Schiff, a well-known gold advocate.

If the US were to sell gold reserves to fund the purchase of Bitcoin, Peter Schiff believes this could trigger a financial crisis. This could lead to a loss of confidence in the dollar as the world's reserve currency, diminishing the dollar's global dominance.

Moreover, continued efforts by the BRICS nations (Brazil, Russia, India, China and South Africa) to reduce their dependence on the US dollar could further aggravate Peter Schiff's concerns. In response, Trump has threatened to take harsh measures, such as imposing 100% tariffs on the exports of the countries in the group.

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Maximum Autism (Using Leveraged BTC ETFs to Achieve Unprecedented Returns)

Title: NOTHUNG (white paper)

Body:

1. Introduction

The fundamental question every participant in the equity markets asks is: How can I achieve the highest possible capital returns? This white paper presents a bold and distinctive strategic approach designed for the high-risk segment of a portfolio, with the potential to deliver unprecedented percentage returns. The name NOTHUNG underscores the substantial risks inherent in the strategy detailed in the following pages.

2. A Strategical Schism

The selection of the asset market represents the strategic foundation of every portfolio. In this context, Bitcoin stands out as a compelling choice. Why? Its inherent qualities are in demand across all economic systems, with this demand estimated in the trillions of dollars. Bitcoin offers the monetary infrastructure that aligns with the preferences of most market participants. Furthermore, it appears to have overcome significant regulatory hurdles.

This perspective is no longer confined to individual enthusiasts; even major financial institutions, such as BlackRock, now share this fundamental view of Bitcoin’s value and potential.

3. A Strategical Schism Part 2

What potential capital returns can be expected if Bitcoin continues its current adoption trend? To explore this, let us examine the fundamental structure of adoption trends. Historically, the adoption of new technologies, such as the internet, often follows a pattern resembling a logarithmic function.

https://preview.redd.it/92kxz3jxeo5e1.png?width=713&format=png&auto=webp&s=c6d6983eea28421c65d22a0c620c4e2aeff61d23

https://preview.redd.it/77895iwzeo5e1.png?width=745&format=png&auto=webp&s=7dd045cebb55c8f7c0cde609561d96763adcb81f

Such a logarithmic function aligns well with Bitcoin's adoption trajectory. If we use this model to project Bitcoin’s price in 2045, the estimate reaches approximately $7 million per Bitcoin, implying an average annual growth rate of 23.5% over the next 20 years.

https://preview.redd.it/rs9aht81fo5e1.png?width=724&format=png&auto=webp&s=51df8a30880e9f08ac72cbc7115c8920661ac8d5

At this price, Bitcoin’s market capitalization would slightly surpass that of gold, assuming gold continues to grow at the same rate it has over the past two decades. This projection underscores the transformative potential of Bitcoin as a high-risk, high-reward asset class within a portfolio.

4. NOTHUNG: A Tactical Model

a. Introduction of a tactical model to enhance returns
A 23.5% annual growth rate is impressive, but tactical adjustments can aim to improve it further. Historical evidence from the stock market shows that employing systems to avoid high-volatility phases—such as the approach detailed in Leverage for the Long Run by Gayed (2015)—can double or triple expected returns. A simple yet effective strategy proposed here is the 200-day moving average rule, which involves:

• Entering a position in daily leveraged stock market funds when their underlying indices are above their 200-day moving averages.
• Holding cash when indices are below their 200-day moving averages.

b. Application of model on Bitcoin
Several variations of the strategy were applied to Bitcoin, yielding the following results:

https://preview.redd.it/bsg3iwr2fo5e1.png?width=745&format=png&auto=webp&s=3de9bb2630efb4614e49f3c36dd71556c9f51946

• Buy and Hold: CAGR: 150%, Max Drawdown: -91%

https://preview.redd.it/3of52fz4fo5e1.png?width=722&format=png&auto=webp&s=9fffd63b690e4e2474fb38581c2648165eee0fe7

• 200-Day Average Rule: CAGR: 185%, Max Drawdown: -70.3%

https://preview.redd.it/e7dmtf07fo5e1.png?width=767&format=png&auto=webp&s=47ab9dc42caa882aabcb85012ab0065bf2559647

• Daily Leveraged 200-Day Average Rule (Factor 2): CAGR: 350%, Max Drawdown: -94.1%

Insights and Multiplicative Growth

• Performance Boost: By avoiding high-volatility phases, the 200-day moving average strategy significantly increases CAGR while lowering drawdowns (non-leveraged).

https://preview.redd.it/zx67b3j9fo5e1.png?width=545&format=png&auto=webp&s=053c3149c9d87f3e05f9039bdc523085f029d751

• Risk Management: Leverage introduces extreme drawdowns but multiplies returns. Using this model, an adjusted annualized return of 52.26% is projected. (Using the historical multiplier of 2.33 derived from the leveraged 200-day moving average strategy applied to Bitcoin, we can adjust our projected annual growth rate of 23.5%. Accounting for an estimated 2.5% yield cost, this results in an adjusted annualized return of 52.26%!)

5. Downsides and Risk Management

Risks Associated with Bitcoin

1. Lack of Adoption: Limited infrastructure/ecosystem growth could undermine returns.
2. Black Swan Events: Catastrophic, unforeseen events could disrupt Bitcoin.

Risks Associated with the Strategy

1. Strategy Failure: Market dynamics could undermine the 200-day moving average rule.
2. Extreme Market Events: Large single-day drops could render leveraged positions worthless.

To illustrate, compare two portfolios:

• Portfolio 1: $10,000, with $500 allocated to NOTHUNG and $9,500 in S&P 500 index funds.
• Portfolio 2: $10,000 entirely in S&P 500 index funds.

If forecasts are right, Portfolio 1 grows to $2,230,826 in 20 years vs. $67,275 for Portfolio 2. If wrong, Portfolio 1 still retains $63,911 compared to $67,275.

6. Conclusion

The NOTHUNG strategy has the potential to be a valuable addition to your portfolio when implemented thoughtfully and with proper risk management.

I built a Bitcoin news scraper for real-time updates would this interest you?

Hi everyone,

I’m a developer. Recently, I built a simple scraper tool that gathers Bitcoin-related news from various sources worldwide in real time. The goal is to stay updated on trends, major events, and market-moving news without having to check multiple websites manually.

I was curiou would something like this be useful to you? If so, what features or improvements would make it even better?

I’m open to feedback or suggestions from the community. Let me know what you think!

I don't want to give url yet, i don't know if it's authorized here, and i need to buy a domain name before.

I built a Bitcoin news scraper for real-time updates—would this interest you?

Hi everyone,

I’m a developer. Recently, I built a simple scraper tool that gathers Bitcoin-related news from various sources worldwide in real time. The goal is to stay updated on trends, major events, and market-moving news without having to check multiple websites manually.

I was curiou would something like this be useful to you? If so, what features or improvements would make it even better?

I’m open to feedback or suggestions from the community. Let me know what you think!

I don't want to give url yet, i don't know if it's authorized here, and i need to buy a domain name before.