Top Tweets about BTC - 05/11/2022-04
Top 10 Tweets for BTC
silentmax
$BTC.X $btc #bitcoin Being a true hodlers of last resort is like chewing glass while staring in to the abyss.
Likes: 281
Sentiment: Neutral
silentmax
$BTC.X $btc #bitcoin Crypto land is imploding and Bitcoiners hold their ground. The Hodlers of last resort are at the ready.
Likes: 281
Sentiment: Neutral
Rage2Real
$ALGO.X added. $BTC added. It can go lower but no one said it cant go lower. Decompressions hurt everyone. $LUNA.X
Likes: 507
Sentiment: Neutral
joey63933
$AMC $BTC $ETH.X $DOGE.X $SHIB.X time to buying in Amc. Apes still hold strong.😁
Likes: 4271
Sentiment: Neutral
Jtaylor101
$BTC I just bought here 🤷🏻♂️
Likes: 248
Sentiment: Neutral
lqqkerinsiderDOTcom
$LUNA.X If we get "stable coin" contagion, even the big names will be cut in half... or more.
$BTC $ETH.X etc etc
Likes: 15255
Sentiment: Neutral
QuantumZero
$LUNA.X
here is how the $luna $ust attack was coordinated & executed.
- attacker OTC accumulated $1bn of UST
- borrowed $3bn in $btc
- spread around some fud about peg and bank runs
- dumped the fuck out of their $3bn $btc on market to trigger wider panic
Likes: 31
Sentiment: Neutral
Quantum_Simulation
$LUNA.X The crypto community panics as they wonder how much $BTC will be sold to keep the peg. There are liquidations across the board and LUNA pukes because of its redemption mechanism (the attacker very well could have shorted LUNA as well). BTC fell 25% from $42k on 4/11 to $31.3k
So how much did our attacker make? There aren't details on where they covered obviously, but if they are able to cover (or buy back) the entire position at ~$32k, that means they made $952mm on the short.
On the $350mm of $UST curve dumps I don't think they took much of a loss, lets assume 3% or just $11m. And lets assume that all the Binance dumps were done at 80c, thats another $125mm cost of doing business. For a grand total profit of $815mm (bf borrow cost).
Likes: 145
Sentiment: Neutral
Quantum_Simulation
$LUNA.X But this only starts the de-pegging (down to 0.972 at the lows). LFG begins selling $BTC to defend the peg, causing downward pressure on BTC while the run on $UST was just getting started.
With the Curve liquidity drained, the attacker used the remainder of their $1b OTC $UST position ($650mm or so) to start offloading on Binance. As withdrawals from Anchor turned from concern into panic, this caused a real de-peg as people fled for the exits
So LFG is selling $BTC to restore the peg while the attacker is selling $UST on Binance. Eventually the chain gets congested and the CEXs suspend withdrawals of $UST, fueling the bank run panic. $UST de-pegs to 60c at the bottom, while $BTC bleeds out.
Likes: 145
Sentiment: Neutral
silentmax
$BTC.X $btc #bitcoin is dead 2022 version
Likes: 281
Sentiment: Neutral
Top 10 Tweets for BTC
silentmax
$BTC.X $btc #bitcoin Being a true hodlers of last resort is like chewing glass while staring in to the abyss. LFG begins selling $BTC to defend the peg, causing downward pressure on BTC while the run on $UST was just getting started. Likes: 281
Sentiment: Neutral
silentmax
$BTC.X $btc #bitcoin Crypto land is imploding and Bitcoiners hold their ground. $BTC $ETH.X etc etc
Likes: 15255
Sentiment: Neutral
QuantumZero
$LUNA.X
here is how the $luna $ust attack was coordinated & executed. Likes: 145
Sentiment: Neutral
silentmax
$BTC.X $btc #bitcoin is dead 2022 version
Likes: 281
Sentiment: Neutral
--- There are liquidations across the board and LUNA pukes because of its redemption mechanism (the attacker very well could have shorted LUNA as well). $LUNA.X
Likes: 507
Sentiment: Neutral
joey63933
$AMC $BTC $ETH.X $DOGE.X $SHIB.X time to buying in Amc.