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One platform for global traditional assets
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Hot
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Launch
CandyDrop
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Alpha Points
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Futures Points
Earn futures points and claim airdrop rewards
Just caught up on the market chaos from earlier – BTC absolutely got hammered down to $60K, which was wild since that's the lowest we've seen it since back in October 2024. Over 2.6 billion in futures got liquidated in like 24 hours, mostly longs getting wiped out when the 70K support finally broke. The RSI was screaming oversold, which historically means a sharp bounce is coming. And sure enough, Asia woke up and BTC bounced back above 65K, ETH recovered to around 2.3K. Still pretty brutal overall though – ZEC is down hard this week, Optimism and Solana both in the red, whole market's shaky. Interesting thing I noticed: DCR randomly popped off 31% despite everything falling apart, and HYPE holding up better than most altcoins. Meanwhile everyone's rotating into Bitcoin and stables, which makes sense when fear's this high. The options market is wild too – put premiums are crazy expensive, people are buying downside protection like crazy. Feels like we're either bouncing from here or going lower, but that oversold reading usually doesn't last long.