1011, one year later: Only those who survive have the right to talk about the next cycle.
At this time one year ago, those few minutes before dawn were filled with phone alerts.
$BTC plunged straight from over 120,000 to around 105,000. More than $19 billion was liquidated across the market in 24 hours, wiping out over 1.6 million accounts. Altcoins wicked down 50%–99% in minutes, and USDe briefly depegged to 0.65… That night, many people’s futures and lending accounts were wiped clean, as if they had never existed.
Trump’s tariffs were the trigger. The real bomb was high leverage, overcrowded positions, and liquidity drying up in an instant. Derivatives had pushed the market to the summit; one turn later, the trap snapped shut.
A year has passed.
The market is still slowly paying off that debt: leverage has contracted, liquidity has worsened, and many narratives have been battered nearly to death. But those who survived have all upgraded their understanding—only positions that can withstand a wick qualify you for the next cycle; futures trading is a game of survival against the odds, and a core spot position is your lifeline.
Today isn’t about reliving the pain. It’s about remembering:
No matter how dark the night, it will pass.
312, 519, FTX… After every bout of extreme volatility, BTC has come back stronger and at a higher level. 1011 will be no different.
To everyone who made it through, leave a like and let us know you’re safe.
What were you doing that night? Are you still here now? $ETH , $DOGE
At this time one year ago, those few minutes before dawn were filled with phone alerts.
$BTC plunged straight from over 120,000 to around 105,000. More than $19 billion was liquidated across the market in 24 hours, wiping out over 1.6 million accounts. Altcoins wicked down 50%–99% in minutes, and USDe briefly depegged to 0.65… That night, many people’s futures and lending accounts were wiped clean, as if they had never existed.
Trump’s tariffs were the trigger. The real bomb was high leverage, overcrowded positions, and liquidity drying up in an instant. Derivatives had pushed the market to the summit; one turn later, the trap snapped shut.
A year has passed.
The market is still slowly paying off that debt: leverage has contracted, liquidity has worsened, and many narratives have been battered nearly to death. But those who survived have all upgraded their understanding—only positions that can withstand a wick qualify you for the next cycle; futures trading is a game of survival against the odds, and a core spot position is your lifeline.
Today isn’t about reliving the pain. It’s about remembering:
No matter how dark the night, it will pass.
312, 519, FTX… After every bout of extreme volatility, BTC has come back stronger and at a higher level. 1011 will be no different.
To everyone who made it through, leave a like and let us know you’re safe.
What were you doing that night? Are you still here now? $ETH , $DOGE