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Michel de Cryptadamus Profile picture
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Jun 30 • 6 tweets • 4 min read
those of you who, like me, have grown complacent about checking the actual price of #Bitcoin may want to tune in right about now. Image
Is Camodia being forced to sell all their $BTC?
$55M #Bitcoin positions liquidated in the last hour, almost half at @okx exchange.

@okx tweeted 5 hours ago about how $GBTC was going to a lawsuit... makes me wonder if their customers werre particularly bullish on $GBTC being approved? ImageImage
look at that volume... JFC. ~$150M $BTC sold in 1hr just slayed all hope of $20K support.

share your theories if you got 'em. my only theory is someone got marging called by @GenesisTrading. Image
minute by minute we see one enormous $6 cleansing following by faltering support... $BTC / #TheCryptocalypseChronicles Image
My guess right now is that it's margin calls going out from @GenesisTrading / @michaelmoro

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More from @Cryptadamist

Michel de Cryptadamus Profile picture
Jul 1
🚨🚨🚨@investvoyager joins @Hoo_exchange, @Aexglobal, @CoinSwitchKuber, and others in #TheClosening,

there is officially no more money (or $BTC) left to give back to unsecured creditors (they call themselves "depositors")

1st major exchange in North American market to do so.
@investvoyager has fallen.
#TheClosening claims another victim.
Apparently the intervention of God Emperor #SBF was only able to keep @investvoyager out of the jaws of #TheClosening for 9 days. May the #Voyager monster at last find peace in the void, inshallah.

historical 🧵 from last week's events:
Read 12 tweets
Michel de Cryptadamus Profile picture
Jun 30
#linegoup... lol. $BTC. Image
reverse bart? someone just trying to liquidate the shorts? who knows. i def. was expecting to see another attempt back at $20K... doubtful this will be the last.
someone did this trade at like exactly 7:59PM EST... is there someone who is trying desperately to avoid some kind of contractual situation shoe conditions are checked every day at 8PM? cc @crasl7
Read 6 tweets
Michel de Cryptadamus Profile picture
Jun 28
🧵about stuff I've learned about @CoinFLEXdotcom and @MarkDavidLamb. started looking into these characters in depth a few days before they became a hot item so this is an attempt to consolidate what i've learned.
Q: What is CoinFLEX?
A: It's not an average crypto exchange.

Start with the fact that this mostly unknown CEX does huge volume. Some days its volume makes it the 3rd largest #CEX in the world on CMC.

Nums are manipulated but Binance owns CMC. I'm sure top 10 spots aren't free.
Many days CoinFLEX's volume makes it a peer of major exchanges like Coinbase, FTX, and Huobi. See yesterday's CMC rankings in pics.

Retail traders think of CoinFLEX as a small market mostly built around a small altcoin, $BCH (Bitcoin Cash). $BCH trades can't create this volume.
Read 34 tweets
Michel de Cryptadamus Profile picture
Jun 27
#Coinflex CEO Mark Lamb just went on BloombergTV. talked about a plan to raise $ to cover for an "ultra high net worth" whale who isn't paying up. $rvUSD... r. v.... @rogerkver?

Lamb also confirmed there are huge futures trades in private markets... and involving his exchange.
@rogerkver the weird part: i did a kind of much too long analysis that lead me to the conclusion that #CoinFLEX's $BCH retail trading operation is, if not a front, then not their main business.

based on info I could get, CoinFlex looked like derivatives market...
reddit.com/r/Buttcoin/com…
here's the full Mark Lamb (#coinflex CEO) interview on @BloombergTV

@sonalibasak letting him pitch a snake oil 20% APY shitcoin as a way to give his users back the money he owes them is a disgrace to journalism

madoff offered 12%. do yr job @sonalibasak

bloomberg.com/news/videos/20…
Read 4 tweets
Michel de Cryptadamus Profile picture
Jun 27
#TheCryptocalypseChronicles, Vol. I

A collection of reports, observations, and analyses I put together over the past two weeks of #cryptocurrency carnage.

🧵👇 for a glimpse of a spreadsheet built with @ApeDigest to track these disasters in real time.

medium.com/@michelcryptda…
@ApeDigest Data @ApeDigest and I added to his excellent spreadsheet.

The number of #CeFi, #DeFi, #CEX, and #DEX companies that have imploded already/are on the brink of imploding boggles the mind. Equity at risk is tens of billions.

The #CeFi list:
(comment if we missed any)
Deformed denizens of the #DeFi depths:

(@viresfinance, @solendprotocol, @InverseFinance, @mangomarkets, @bancor, @creamfinance, etc.)
Read 5 tweets
Michel de Cryptadamus Profile picture
Jun 26
🧵#Coinflex situation getting... weird. see @DougPolkVids tweet.

telegram groups have gone berzerk.
- wallet phishin bot takeovers
- 1000s of banned users
-pinned msgs about being hacked

see reddit link for details.
🧵👇for more

@CoinFLEXdotcom / @CoinFLEX_US #MarkDavidLamb
@DougPolkVids @CoinFLEXdotcom @CoinFLEX_US #CoinFLEX_US telegram (VIDEO)
(only #CoinFLEX telegram that's not a bot warzone)

(6/10) 0:00 @DougPolkVids in chat
(6/13) 0:17 Coinflex 6th biggest CEX by volume?!?
- 0:28 withdrawal issue earlier than known
(6/14) 0:41 Market makers vanish
(6/15) 1:36 $USDC liq pool issues
- Non US #CoinFlex / CoinFLEXdotcom telegram pinned msg: ⚠️SCAMS⚠️
- MarkLamb (?) in weird "coiinflex" grp (May)
- so many deleted users in official channel
- wallet hacking spambots ImageImageImageImage
Read 11 tweets

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