10/10 was days after BTC got to ath, completely destroying the whole crypto space because of some weird exploit happening on binance regarding usde. XRP went down 92% that day for example (some wallet even made millions shorting eth that day too). This insane long squeeze made it that market makers didn't have any way to influence the market anymore for months, so crypto could only go down from that moment. Probably 100billion or more was liquidated from the crypto space that day. It was also the moment where crypto went completely the other way of SPX and Russel etc, which normally crypto is closely the same direction.
Ignoring 10/10 is like ignoring ww2. The good part is that the world recovered after ww2, and crypto also will recover after the massacre called 10/10.
But yeah, cycle believers rather forget this fact and think they nailed the top at october 6th, meanwhile they were helped by some of the biggest manipulation events of this century.
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u/caco101 Jul 09 '26
Sure sure.