Thread by @0xChainMind

SHOCKING: HERE IS WHAT HAPPENED ON 10TH OCT!

- Binance scam
- Market manipulations
- Who is controlling it

I researched all the data, insider wallets and found smth interesting

Here is who really runs this market and why it's not about trump tariffs or macro🧵👇

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2/➫ $19B in liquidations

❍ That’s what the crypto market saw vanish in 24 hours – biggest wipeout in history

❍ Triggered by Trump’s sudden 100% tariff announcement on China, the market collapsed in minutes

❍ But there’s more to it than panic – it smells like manipulation👇

3/➫ BTC had just hit new highs above $125K, leverage was maxed, and retail FOMO peaked

❍ Then Trump dropped the tariff bomb

❍ Within hours, risk assets tanked, Nasdaq bled, and crypto followed:

- BTC down 17%
- ETH 14%
- alts 20–50% and some died forever

4/➫ In total, over $16B in longs were liquidated – 1.6 million traders wiped out

❍ Coinglass called it the “largest liquidation event ever recorded”

❍ The market erased over $400B in value, and exchanges froze under pressure

❍ It was a full-scale flush of leveraged money

5/➫ What really happened:

❍ Binance quietly reminded everyone who truly runs this market

❍ The “Trump tariffs” headline was just a cover – noise to hide the setup

❍ Hours before the crash, a known market maker sent $700M to Binance, with over $200M in BTC

6/➫ Then the books went hollow

❍ As stocks dumped, crypto followed – but something felt off

❍ The order book was empty: no bids, no walls, only air

❍ BTC volume spiked unnaturally:

❍ 2K BTC sold, then 12K – even 1-min candles looked scripted

7/➫ The moment it broke

❍ At $108K, liquidation pressure hit terminal speed

❍ Binance’s own market maker pulled liquidity instead of defending

❍ Prices imploded – ATOM hit $0.001, traders locked out, stops frozen, only liquidations went through

8/➫ Here’s where it gets wild

❍ An on-chain tracker spotted a new account opened just 30 minutes before Trump’s announcement

❍ It opened a massive leveraged short on Bitcoin – and closed two hours later with $192M profit

❍ And it wasn’t the only one

9/➫ Another trader shorted BTC minutes before the speech, pocketing $88M in half an hour

❍ Multiple wallets did the same – all freshly created, all perfectly timed

❍ After closing, they withdrew millions in USDC via split transfers

❍ Coincidence? Doubt it.

10/➫ This is classic insider behavior

❍ Big accounts move early, retail gets trapped, and headlines justify the dump

❍ Binance and others even had “technical issues” mid-crash

❍ Flash crashes, stuck orders, instant margin calls

❍ Someone clearly pulled the plug

11/➫ Retail traders were annihilated

❍ Tens of thousands of accounts liquidated in seconds, leverage wiped, confidence shattered.

❍ But long-term holders? They didn’t sell.

❍ On-chain data shows LTH balances stayed flat – meaning strong hands held or even accumulated

12/➫ BTC found support near $100K and bounced quickly back above $110K

❍ Historically, every October dip like this (2017, 2019, 2021) was followed by a 10–20% recovery within a week

❍ If the pattern repeats – this could be the start of the rebound

13/➫ The liquidation storm cleared billions in leveraged froth

❍ That’s healthy – it resets funding rates, removes weak hands, and gives room for a real bullish leg

❍ If macro tension eases and liquidity flows return

❍ BTC could lead next run faster than anyone expects

14/➫ So yes, $19B was erased

❍ Yes, whales played dirty and retail got crushed

❍ But the structure held

❍ BTC is still above its key trendline, liquidity’s rebuilding, and “smart money” is quietly buying the dip

❍ After every manipulation – the market recovers stronger

15/➫ This correction wasn’t the end of the bull run – it was the purge before the next leg

❍ The biggest shakeout always comes right before acceleration

❍ And if history rhymes, we’re about to see exactly that

❍ Watch the charts, not the fear – the next move is likely up

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