🌏 Global ranking: Countries with the most Bitcoin holders
1. 🇮🇳 India: 93 million 2. 🇺🇸 United States: 46 million 3. 🇨🇳 China: 41 million 4. 🇳🇬 Nigeria: 18 million 5. 🇻🇳 Vietnam: 17 million 6. 🇮🇩 Indonesia: 14 million 7. 🇹🇷 Turkey: 12 million 8. 🇵🇭 Philippines: 10 million 9. 🇧🇷 Brazil: 9 million 10. 🇵🇰 Pakistan: 7 million 11. 🇲🇽 Mexico: 7 million 12. 🇦🇷 Argentina: 7 million 13. 🇿🇦 South Africa: 6 million 14. 🇹🇭 Thailand: 5 million 15. 🇷🇺 Russia: 5 million $BTC
Trader swaps $50M USDT for just $36K AAVE on Ethereum.
What happened?
• The trader tried to buy AAVE using $50M in one transaction. • There wasn’t enough liquidity for such a large order. • The swap caused the price to spike massively during the trade. • As a result, the trader received only ~324 AAVE (~$36K).
In short: The order was too big for the available liquidity, causing a huge loss during the swap. $AAVE