Ryan Sean Adams (rsa.eth)
@rsa.eth
So ETH drops 25% on some random Sunday and now the market's just going on like nothing happened. Yes, yen carry trade. Yes, jump dumped. I don't see how this fully explains it. "It's not over yet" has been my base case. But all this is just...weird.
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Mike
@mikejuz
It’s amazing that ETH hasn’t bounced I’m not angry, just impresssed
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mactar
@mactar
I’d suggest reading polynya. In the end, dapps are pretty worthless. I’m at peace with it now. But fallout will continue - speculators on dapps being a selling point are still putting head underwater and fleeing to SOL (see Trump kids literally entering the fray)
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Peter Ogilvie
@pogilvie
Dump Capitol
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shassi.eth 🦇🔊🏴
@shassi
Thank you for at least acknowledging this, Ryan. I'm majority stables since Sunday and I feel like I'm going crazy.
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Squirrelly
@squirrellyverse
I am guessing there has been a lot of institutional positioning that we are just not used to seeing in our market. Live and learn, I guess! 🫡
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OTTI🎨🖌
@zeuzc
ETH takes a 25% nosedive on a Sunday and the market's all like 'Monday morning, no drama, let's get this coffee'. I mean, what's next? Bitcoin taking a 50% hit and the response being 'oh, just a flesh wound'? 😂😂😂
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Duraa
@duraa.eth
IDK if there is an explanation other than around $350m in positions liquidated at Sunday. and it was a bit anon so folks can't yap about it like what happen when Germany sold btc
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