MM

DrConnors

I meant aside from his 1MM coin, he likely kept mining at the very least and didn't just completely abandon the entire thing.

generationhex

They say this but the more likely explanation is that MM's got killed for years only to wait for a market in 2025 that was manipulated every single quarter for billions of dollars, all while sailing into a future where chaos reigns and every billionaire within earshot is screaming there is a recession on their doorstep and they are freezing hiring. Not a great time to have your dollars balancing a crypto for return percentage that is illiquid. Game theory is the real explanation. The markets performed as they should.

DeepImpactDan44

honestly Trust Wallet has been my go to for hot storage on Android. supports basically everything, links with hardware wallets fine, never had the phantom/MM issues you're describing

Mattie_Kadlec

There are prepaid cards where you can deposit small amounts. There are also card providers which allow you to pay using your self-custody wallets but funds only get sent to the card with your approval, just like you do with MM or other web3 wallets

jcoopjr700

One thing I’d add from experience: even the best market makers underperform if the project’s narrative, community, and launch timing aren’t aligned. For DEX launches I’ve seen work well in 2025–2026, teams paired strong MMs with solid go-to-market support from Web3-native partners like Chainbull, who help coordinate liquidity strategy, comms, and community expectations alongside the MM. That combo usually leads to healthier depth and more sustainable volume post-launch.

SimilarBuffalo6421

Yeah, $25MM cash and/or $20k weekly would create more pause. Otherwise, the 200BTC is the only answer.

invest-man

Look at low risk strategies, LP, MM… earkpark has a choice

GettingFasterDude

Nice. Looks like a good plan. If the divided continues to pay out and the stock price stays $100 +/-5% over the next few months, I don't think I'll be able to resist shifting from 70/30 (MM/STRC) to 60/40 or even 50/50. I don't have any IBIT yet, but currently daily DCA spot bitcoin on River.

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DonkeyAsleep7884

The MM card seems really good

b1mm3rl1f3

A $500 $BMNR share price @ $22k ETH is insane. Extreme bull scenario: a $5000 BMNR/share @ $250k ETH. Yes I know, but 200 shares (\~$6k today) could potentially be worth $100k-$1MM

OrdinaryReasonable63

This is only the notional value of the positions, but in reality leveraged traders are only putting up a fraction of that. Retail dummies are often putting up bets at greater than 10x leverage so if assuming that's the average leverage ratio MM's and exchanges are collecting \~20 million on such a move. The rest is cash that gets moved back and forth between the exchange and trader accounts as old positions close and new positions open.

PM_ME_YOUR_3RDNIPPLE

I'm curious what the expected energy cost has been to do this mining and how it compares to the overall total? I'm confident energy cost isn't $375MM+ but I'd guess it's pretty damn high. Anyone want to do the math for me?

Gotglo

Wrong crypto was being suppressed this whole time due to liquidity conditions and manipulation from MM. I suspect the big banks and institutions that you see headlines about accepting bitcoin products now,(JP Morgan…Vanguard etc) they been positioned since the end of last cycle and they fooled everyone acting like they didnt want to embrace crypto to get lower position. They cant be us becoming the new financial system so they have to just us, however they still want a piece of the pie which is control over the money markets because thats how banks make their money. Now we have a situation where it is not a retail only cycle, it’s institutional, banks, businesses and sovereign wealth funds + retail that will run cycles going forward. No blow off top and euphoria = a more shallow and quick “bear market.” Also i dont know why there’s this whole stigma of the bear market crashing BTC down to 20-30k like people saying. I wonder if people know the “bear market” is basically people selling and taking profits. BTC only went down from 126k to 80k low because the “4 year cyclists took profits”. We can absolutely still go a lil lower but for dummies to think bitcoin is ever going back below 60-70k is delusional. The institutions and big money is our support levels now and sadly i believe they control the narrative now. They are waiting for clarity and liquidity conditions to push price up and then finally take their profits when retail FOMO back in after thinking there will be a brutal and long bear market.

xcommon

I get this is going to get panned, but I'd like to add some food for thought: $1MM BTC meant parity between pennies and satoshis. Psychologically, the average person would be much more likely to adopt if/when they can think in terms of satoshis, and if people can think of 100 sats as being roughly $1, there will be a wave of mainstream adoption. Or maybe not, what the fuck do I know.

devCheckingIn

I saw a YT video yesterday where Wes (Smart Money) was showing that Wintermute has been shorting the market the past few months and has made a killing. Shorting just about every asset. So there's one MM that's been busy. Also Fasanara Capital and Galaxy Digital have made hundreds of millions shorting since early October. It's like Big Money decided the bull market was over and it was time to make money by triggering the bear.

Mariahausfrau

I have my vault public address and 12 word seed phrase. Am i screwed if i dont move my moons to MetaMask before 1.1.2026 ? I just cant get my MM to accept any ETH payments for fees for transfer. Isnt there anymore any ways to get gasfees to transfer? Sorry to say but im just too confused for all this as im not too much in tech. Hopefully someday crypto gets even a bit easier to maintain big masses to use it. Aint it now🤣🤣🤣😤

steelchairframe

Ummm BTC is volatile. That 50B could be 25B in a year. No one knows. And they still have 800MM to pay out per year for preferred stock payments.

ReliantToker

Why you think MM amd smart money got sentiment in the sheit rn? Reddit whines while they slowly accumulate at low prices, spreading the buy to keep price down. By the time the whiners decide they were wrong and/or could probably make a quick buck, they sheit on them again. The cycle continues.

zepoid

I have a ton of criticism for BTC. But your argument that gold needs "actual physical work" can also be said about BTC in the form of physical electricity production while it's being _mined_ (which is also why the term is used used for both). About that criticism: Using as much power as it does for that mining is asinine. And it eventually comes to an end at 21MM. Then what...?

Unknown-714

My biggest concern, if BTC is at 1.4MM what are other things priced at?

Visual_Ad3804

Never put a dime in crypto and MM CEX’s DEX’s influencers are all crooks!

ReliantToker

Yes but the more people buying etf and leaving coins on exchange is increasing the paper supply. NOT YOUR KEYS NOT YOUR COINS. The more paper supply the MM has access to the more manipulation is available. LEARN TO SELF CUSTODY YOUR BITCOIN.

Patient-Bumblebee

Ok so thats great, but what about spreads? Are you using market orders? And if not, can you get your limit orders filled without the MM's running over you? Those are questions any prospective daytrader should be asking themselves prior to doing any kind of non-simulated trading.

b1mm3rl1f3

Wrong, CZ expects BTC to surge to $500k-$1MM during the current cycle. You're quoting Bernstein analysts. [https://thecryptobasic.com/2025/12/09/binance-founder-cz-says-bitcoin-could-be-entering-a-supercycle/](https://thecryptobasic.com/2025/12/09/binance-founder-cz-says-bitcoin-could-be-entering-a-supercycle/) "Geoff Kendrick at **Standard Chartered** and Gautam Chhugani at **Bernstein** expect Bitcoin to hit $150,000 in 2026. Both forecasts are downward revisions from their previous estimates, reflecting a more difficult market environment, but they still imply 74% upside from the current price of $86,000. However, Standard Chartered and Bernstein see more robust gains in the future. Kendrick estimates Bitcoin will hit $500,000 by 2030 (implying 480% upside), and Chhugani expects the coin to hit $1 million by 2033 (implying 1,060% upside)." [https://www.aol.com/finance/bitcoin-doing-something-last-seen-091500098.html](https://www.aol.com/finance/bitcoin-doing-something-last-seen-091500098.html) Also, "Motley Fool experts believe Bitcoin might reach $150,000 by early 2026" The predictions vary widely, but Q1 or Q4 makes no difference to me 😉

FOMOmeterCrypto

https://preview.redd.it/udu2ajcxrz7g1.png?width=5112&format=png&auto=webp&s=a86dccd6ba5431c5c719a04087a05f8ead945903 The market is manipulative, and you’re right to watch MM wallets. They do impact price, but on chain can be spoofed too. split across wallets, routed through intermediaries, made to look like “smart money”. There are plenty of cases where the “whale wallets” everyone followed ended up getting wiped right along with the crowd, because people were just copying what looked obvious. So whatever you’re seeing, thousands of others are probably seeing it too. Be careful. In this market you don’t outplay MMs or politics. Retail as a crowd usually loses. That’s why it matters more to track what the crowd feels and does, then make your own calls. Right now sentiment has been in the red zone for 30 days, and on our Global Timeline you can see that red stretch running for almost 3 months. In this mood it’s apathy, selling, and zero appetite to buy core.

FOMOmeterCrypto

Binance isn’t just an exchange, it’s basically the biggest MM hub by influence. Liquidity, leverage, funding, listings, flow. That’s the game. Any CZ headline and price twitches cuz perps + liq cascade Couple tweets basically killed FTX. Couple moves and you get the biggest liquidation event in ages like Oct. So what “death” are we even talking about. Until liquidity actually leaves and the book dries up, Binance isn’t dying, it’s the switch the whole market reacts to

ghostchihuahua

Yes, look at how ETF’s are abused since they exist for instance - bitcoin-filled ETF’s effectively give MM’s the ability to exert sole leverage on the price, ETF’s are also famous for allowing to hide synthetics fwiw, whether the latter can apply to bitcoin is a tad past my understanding - it shouldn’t be possible bc blockchain, right?

PapiMak

MM’s deserve days like this.

Xajneb

It's not manipulation. 75% of trading activity is leveraged derivatives. = Liquidations. The direction of over excited volatility is not that everyone decided now the news is this and that, but it is all about a cascading effect of forced liquidations, positions being killed because they have lost the bet. And when that happens, the liquidation is immediately dumped into the very low volume orderbook, (because like I said, almost no spot activity), and the price then dumps or pumps unnaturally fast, then triggering the next liquidation and so on. Until all the positions in the near vicinity are obliterated. A MM (market maker) doesn't have to push much at all to force the liquidations to sell on top of the next dying long who then dumps on the next one etc. Manipulation is more so the macro, that bitcoin is ONLY 87k, that is the real manipulation, and people are in extreme fear, dumping their long term goals at loss or even. The manipulation that is happening is price suppression.

Breakingkittys

mmm mmm MM!

frankyp01

Honestly the colloquialism has changed over time. When the average house cost like 120k, a “millionaire” as commonly applied was someone with 1MM in total assets. With the average home price hovering around 520K and much higher if you live near a major city, people tend to use millionaire to mean people with 1M income or at least the ability to drop 1M without taking a 30 year loan.

turbo_bibine

Long and short getting eaten by MM because spot buy arent there to sustain the price

thupkt

Cue the Steve Austen $6MM man theme music

ghostchihuahua

It’s more the volatility of the geopolitical side of things that scares markets though, that, and the fact that things just seemed to go infinitely well before shit started hitting the fan and people started talking about MM’s not being in great shape for some, hedgies slowly heading to being revealed as unable to cover their short positions etc., i mean the whole one-incident-after-another vibe is clearly there for >5y and people, rightfully so, are scared. I won’t even go over to generalized blind-eye for white-collar crime in many western countries.

Ping0u

Waiting for the MM200 bud

fCorruption

I think it’s just MM making profits off of retail. Leading up to each FOMC meeting Bitcoin would shoot up a couple of points, then after Jerome Powell speaks btc would until dip until week’s end

arBettor

Roth IRA though? Disproportionately benefits lower income earners. Can withdraw contributions penalty & tax free after 5 years. Can choose your own investments and control your own fees. Even a 401k, despite its limitations, has some major strengths like incentives for employer contributions/matching. I'm not sure how a 14MM market cap meme token is in any position to criticize either of those structures that have helped millions save and growth their wealth. That meme will be dead long before I retire.

RoutinePrice446

Yes, but that's not why things are moving today. That's been priced in for weeks. Something else is happening behind the scenes. It could be typical trader/MM games, could be something else. We shall see.

EnThEndGME

I always find it entertaining to see the downvote effort on the MOON update discussions. It appears some entity doesn't like the project because the supply is controlled by the community. Hello Mr. MM .... "*Moons is still a thing*?"

LEAP-er

You’re probably right. Top 5-10 most visited globally. EU crats cared enough of the tune of $140MM. Ya sure…no one cares.

Aerocryptic

There's a crazy disparity in the spot order books between Coinbase and Binance. One MM is buying when the other is selling

rlilly78602

There's no doubt it'll hit $1MM. I wonder if it will be in my lifetime.....

yunghogungho

I think Bitcoin to $1MM over the next 6-10 years is fairly obvious as of now. If you're a 10x away from retirement, I imagine this will work out

VariatCA

The fact that shorts are still heavily piling-on and doubling down in the face of this bounce is just additional incentive and fuel for the fire for MM's to chase down and liquidate.

RealTimeFactCheck

He's getting downvoted because his math isn't mathing. The percentage gain will be the same whether you have $5 invested or $5MM invested. He's implying that if you have a small amount invested, like $5, then your gain will be very small --- but expressing the gain as a percentage is not a good way to express it, because the percentage gain is the same no matter the investment size. His point would have been better made by saying, if I gave you $5 and it goes up 10x, you've only got $50 which isn't going to be meaningful Also probably got some downvotes for the complete fumble of grammar: "sure is your better, yes." Wtf does that mean? Between the grammar police and the math police, I can understand the downvotes :)

potificate

Looks like the news report was re-edited. Now says only 5 MM

002_timmy

Different wallet clients have different UX/UIs and different features. Like for me, I do a lot of DeFi and have found Rabby to be the best at tracking my DeFi positions. Metamask is lacking for DeFi. Therefore, I use Rabby over MM. This is just one example, but hopefully it demonstrates why people prefer different wallets.

Consistent_Panda5891

Wrong. Max BTC value within 10Y is 270-330K value based on GOLD market cap. BTC never will have more than 5/10 its market cap. What makes most sense for MM is dump it max they can to profit both downside and also upside. I might not know much about crypto but yes short selling. Experience with the most shorted stock, smci. And BTC doesn't has any protection against short selling such as keeping around x80 amount you short sell in cash or other assets reserved for covering shorts which law uses to avoid massively short selling on stocks. Expect some relief rallies during downside of up to 15K but won't last much

fairlyaveragetrader

It's always a mixed bag on YouTube but I would only follow people who are profitable. Short list is MM crypto, krown, aaron dishner. But, and this is the giant but. These guys aren't going to tell you every single move they make, they are subject to being wrong. They all have a lot of losing trades. If you watch any of this stuff it has to be for general ideas, but you have to have your own plan in place. Here's where I'm going to add, here's where I'm going to sell, here's what I'm going to have for a no-touch stack for the next 10 years. The general narrative in crypto you have channels like altcoin daily and Paul Baron and so on and so forth. These are just, crypto banter is another one, anyway they are just promotion channels for the most part. You have to look at them like watching narrative news. It's like Fox News for crypto. You get little shreds and pieces of actual fact but for the most part it's narrative and opinion. They also typically are always encouraging people to buy and that's not really is nefarious as it sounds. It's that people like to watch good news and they are in the business of promoting their channel and getting views.

zowhix

Usually in the context of a conversation such as this, statements like "pure manipulation to liquidate retail" are being thrown around. Then the same people might state things like "retail does not have even remotely enough capital to be able to meaningfully affect the markets". Seems unintuitive for institutions to hunt down retail if they have nothing to offer, while taking a risk in doing so. Obviously market makers are businesses that have an objective to make money, just like everybody else. But it's not like they know what is going to happen in the future for certain. They have their own models that might utilize volatility and volatility surface models, cross-asset relationships, order-flow patterns, macro or whatever else that specific MM has deems as relevant information. Off of that they make an estimation on fair price based on which they adjust bid/ask spreads, option pricing etc. But they can be wrong just like everybody else. If retail is uninformed enough to consistently trade negative EV products against professionals, then yes, your expected returns are negative. But the intent of MM's is not to purposefully put retail down by crashing markets or whatever bs people spew. Retail does a lot of poorly calculated, very high-risk bets for short-term time horizons, at which MM's excel. The more you broaden the scope, the less accurate MM's estimations are regarding the future. If anything, it's just a self balancing act of millions of algorithms estimating short-term markets, resulting in a dynamic environment over varying time horizons. In crypto, they probably need to do half as much, since crypto seems to attract the most degenerate people in the world of finance. TLDR; Most of retail is still financially illiterate and have somewhat limited reasoning, leading to awful decisions, poor risk-management and playing the victim card.

b1mm3rl1f3

F&G at 6, WORSE than covid19 or FTX. BTC down -36% from ATH with 3D RSI lowest since 2022 at $18K BTC. I'm no Grant Cardone but MM just gave me the greatest gift of all this holiday season

steuer2teuer

I think i can answer this. I'm not a whale but i am an OG that sold most of his stack a couple of weeks ago after hodling for more than 10 years without profit taking. For me it's definitely locking in profit, i've held through multiple bull/bear cycles and i didn't want to go through that again the same way. Now, the question is why i did it now and didn't do it before: i think it's because i do feel a bit different about Bitcoin's future as i did previously. Previously, we had the ETF launch and Wall Street's entrance to look forward to. Now it's here but it hasn't resulted in major gains, as a matter of fact this bull run is the weakest one in Bitcoin's history. This shakes the fundamental expectation what Bitcoin's price potential is. We (or atleast i) thought it had 500k-1MM dollar potential in the near future but the realisation has set in, thanks to this bull run, that each bull run actually gets weaker and weaker to the point where we cannot reach these expected values in any short- to medium term. Now i see narratives of "why should i hold this high risk asset if it doesn't give the high potential rewards?" and i am worried that this becomes the mainstream opinion. It is the first that that we are in the situation that Bitcoin doesn't offer major rewards for it's high risk. Bitcoin the network has not changed. Bitcoin as censorship resistant scarce digital value and internet money hasn't changed. It's price potential in the short- to medium term future has changed in the eyes of many people, which has consequences for the future.

user_name_checks_out

I wrote "$1MM is a piss in the ocean" in response to [this](https://old.reddit.com/r/Bitcoin/comments/1p18cwz/how_to_cash_out_a_large_amount_of_bitcoin/npoe9pg/): > you won’t crash the market

user_name_checks_out

> Maybe but Kraken say they'll do OTC for $50k+ Two different questions: 1) What is Kraken's minimum for an OTC 2) Will $1MM move the market The answer to question #2 is no.

user_name_checks_out

It's called an OTC trade, and $1MM is a piss in the ocean.

panthera_N

Perhaps most people lose when fighting wits with MM, not only do they have headaches, but they also lose money.

MarioWilson122

> I'm not talking about those predictions though. Many made ones way lower then that like around 200k or maybe 20-30 away from it. So basically 50-70k higher. People do make all types of predictions though. Anyway BTC has had major corrections even in prior bull runs its just that people forget over time when it does. Just like people will likely forget this one in 4 years. They likely wont forget alts not doing anything if they don't at all. Which is why I think MM and exchanges will try to create one from thin air if really needed. Anyway the only thing that is looking bad is the fact that it is in q4 looking so bad. Of course hasn't reached the levels most predicted this cycle, which was around the 200k area. No doubt that the alts performance has taking a lot of hope away as well, since a lot of them are performing really bad and have all cycle long. So that has drained a lot of hope out even though there is still a chance. > This is why I think MM and exchanges try to spin one up if at all possible. They have the funds to do it, especially as a unit but there's just no telling if they will. I feel like for their business model there needs to be one to really get the trillions flowing. We will see how the quantitative easing works out, sometimes that has got money flowing from what I hear. Also the if the tariff checks go thorough that will be something else. So there are still things on the books that will make something possible. Also next year a new fed chair will be coming in. One that is more favorable to trump wanting big cuts. So they can hype that up in about 3 or 4 months, to get the market moving as well. So still a few plays left in the book for sure. Like I said before, we will have to wait and see.

MarioWilson122

>Yes but that's the thing: it did perform in alignment and accordance with the diminishing returns. That was the data part. Peoples' expectations are detached from reality often times, 500K bitcoin was never realistic in 2025. It was based on hopium, not data. Sucks hard that money didn't rotate into alts, that knocked most of us off tbh. I kinda hope the alt season would still come, but the truth is it is not coming. When BTC is falling like this, the whole market keeps falling. There is no rotation happening, just equal capital bleeding across the whole market. There is also no buyers left for alts. The retail narrative is dead, the 4th year ending narrative is strong. Media doesn't attract new liquidity. Institutions can try recreationally make alt season, but for who? Other institutions? They won't take that bait. There will be no parabolic phase as there are not enough buyers for that. At best, it will be small dead cat bounce as mentioned earlier in this thread. Im not talking about those predictions though. Many made ones way lower then that like around 200k or maybe 20-30 away from it. So basically 50-70k higher. People do make all types of predictions though. Anyway BTC has had major corrections even in prior bull runs its just that people forget over time when it does. Just like people will likely forget this one in 4 years. They likely wont forget alts not doing anything if they don't at all. Which is why I think MM and exchanges will try to create one from thin air if really needed. Anyway the only thing that is looking bad is the fact that it is in q4 looking so bad. So that has drained a lot of hope out even still there is still a chance. >**And you are right on quite few not participating the next run.** This is what I have been saying also that an alt season would have been extremely important for this run, for this reason. The shirt price action for alts destroyed a lot of investors, and they are not coming back anymore. Some of them will, but many of them will buy only bitcoin. This as a whole is also one reasons why alts will suffer massively in the starting bear, and we will likely see record low drops for a lot of projects. The projects that will survive (regain price action next bull), will likely make some really great gains though, as there's a lot more room for upswing. This is why I think MM and exchanges try to spin one up if at all possible. They have the funds to do it especially as a unit but there's just no telling if they will. I feel like for their business model there needs to be one to really get the trillions flowing. We will see how the quantitative easing works out, sometimes that has got money flowing from what I hear. Also the if the tariff checks go thorough that iwll be something else. So there are still things on the books that will make something possible. Also next year a new fed chair will be coming in. One that is more favorable to trump wanting big cuts. So they can hype that up in about 3 or 4 months, to get the market moving as well. So still a few plays left in the book for sure. Like I said before, we will have to wait and see.

LeKac_Red4Life

I don't believe so..its being crushed by MM imo

1_BigPapi

MM recovering from 10/10 still 

VariatCA

Aside from MM's working on the weekend to try to choke a metric ton of short liquidity when the volume is low? Hard to guess what kind of economically-optimistic news could sway the markets this weekend to jump 5% before Monday's open.

No-Lingonberry6473

Please do. For the benefit of everyone on this sub - how long have you been hodling and what does $1MM in bitcoin represent as a percentage of your investments?

namieorange

Will anyone come back after this fiasco? I see only BTC holders, a few ETF and a bunch of gamblers coming back. Why buy or trade anything else? If MM and exchanges wanted to kill their business, they did it fantastically

Accidental_Ballyhoo

yep, good old MM

MarioWilson122

Yeah that sounds about right, of course nothing wrong with being hopeful but this year was really bad for crypto for sure. Doesn't seem like MM want to see it succeed to much anyway. Every time it looks to show life they make sure to drain it right back out. So likely not much can really push this back up. Whether we get the cut or not next month probably wont do to much for this situation.

Xray_Mind

Crypto is the easiest target ever for MM. the only market with absolute morons that lack basic understanding of leverage with absolute gambler mentalities

Consistent_Panda5891

If it sinks under 60K it might go to 20 because why not, there is not short selling restrictions on crypto alike stocks. If MM is naked short they will milk till last $. Honestly I would not own this coin for such low reward multiple and high downside multiple.

VariatCA

Still chillin' and still buying more BTC at this level. Mornings like todays, and frankly the price action of the entire last month, highlight how strongly MM's are trying to suppress the price and aggressively hunt any liquidity they can. While the stock market is still pushing forwards and the Fed is wrapping up QT and further loosening monetary policy, we'll look back at moments like these as entry points we wish we'd taken advantage of. This entire year has been one long lesson on BTC's resiliency and how momentum can shift in a heartbeat. Every new all-time high this year also came with 10-15% downturns or more right before the next run-up.

A1JX52rentner

>It does not take more capital to move bitcoins price. Bitcoin is priced at the margin. It literally just takes 1 buyer at 1MM and next to no sellers at that price. When you think you understood market cap but you suffer from dunnning kruger.

normnormno

You took a hypothetical situation used as an example to show what being priced at the margin means, as if I'd said, "someone is going to just pay 1MM tomorrow" You sir, are stupid.

normnormno

It does not take more capital to move bitcoins price. Bitcoin is priced at the margin. It literally just takes 1 buyer at 1MM and next to no sellers at that price. As soon as there are more 1MM level buyers than sellers, that's the new floor. It doesn't have to do anything it isn't already doing to be there. Right now, the world believes bitcoin is a bargain at 100k. A few years back it was believed to be a bargain at 10k. It doesn't need extra capital injected to spring to a new price, it just needs attitude shift. Also when bitcoin was 1k, people believed it would take a massive amount of capital to reach 100k, it was a pipe dream. Yet it got there sooner than many of us anticipated.

Sandvicheater

What kind of idiot millionare was this dude. The moment you get up to $10MM+ that's when you hire a full time body guard to follow your ass 24/7 add an extra zero to that then you hire a entire bodyguard team.

namieorange

You know I think people will sell because they're set on "It's 4 years, nothing will change, lines" And then after a few weeks into 2026 liquidity after ending QT will keep pouring into the market and we'll go on and join the stock market in their lengthened cycle. But not us, by then all of us would have sold our non pumped bags to whales, MM and a few lucky bunch

user_name_checks_out

Up until a few months ago, I was able to daydream about $1MM bitcoin before 2030. My logic was that in 2021 we would have hit $100K if FTX had not absorbed so many dollars intended for bitcoin. So going into 2025 with $100K as a floor, I thought that this cycle we would hit $250K+, on our way to $1MM in 2029. But now I see. $70K in 2021, and we haven't even managed to 2x that in 2025. The idea that we would 10x again by 2029 now seems ludicrous to me.

bizaroo933

All of this so that these criminal MM’s can proudly write again that ‘x billion longs got liquidated!’

b1mm3rl1f3

As Tom Lee buys $70MM of ETH. RemindMe! 5 months

chungalinga

Interesting take, I think you're right that it's easier for MM to chase longs as the momentum is to the downside and it's closer. On the other hand, I would like to think that MM shouldn't let all these shorts get away for so long as the house always wins Plus we haven't seen a god candle yet as every bull market has one (if we're still in one).

Aggressive-Bid7995

have enough money in MM or SGOV so can live with no income for some time period depending on your situation

Extreme-Warthog-1084

That will definitely be a pump and dump time for market makers to use retail for exit liquidity. That is why we are bouncing. Its so clear MM is dumping now but had to stop yesterday before they ran out of buyers and tank the markets way too hard. The big problem is QT and QE, rates and over priced markets. QT is ending in dec but thats not the start of QE or mass QE. It could take years for QE to start in a mass scale to boost crypto markets. And QE starts when markets crash, not during a bull market. Go look at past QT ending, July-sept 2019, BTC didnt do much and actually went down till covid came when mass QE started.

OhWiseWizard

There are 1 billion LINK tokens, no one can make more. What you're talking about would require a fork, much like Bitcoin which has been forked many times (you can argue BSV and BCH are just "more Bitcoin"). 300MM of those are still held by Chainlink Labs, but the infrastructure itself is decentralized. Regardless, this isn't a post about me educating people on Chainlink, so not sure why all the attempts to spread misinformation.

bizaroo933

These disgusting MM’s and exchanges can again proudly announce ‘billions of longs got liquidated’. Hope karma punishes them for this disgusting manipulation

Pabzzzzzz

Doesn't mean he was using high leverage. Even traders using 2x leverage got wiped out on that day if they had a trade open on any altcoin. For context, this event was a 20 min flash crash due to a binance bug, USDe depegging, and MM's clearing their orders from the books. To put it into context, multiple alt coins dropped 90% in 20 minutes before rebounding instantly. 1.6 million accounts liquidated. Stop losses were ignored, and if you successfully shorted the market, your position was auto closed by ADL (Auto Deleveraging) because it would bankrupt the exchanges. Even people playing it relatively "safe" (in terms of leverage, stop losses, etc) got completely wiped out. Many traders took their lives on this day. Tbh someone should probably go to prison for this event, but they won't. For everyone else, only use leverage with money you can afford to lose, because a flash crash can wipe you out before you can blink. "Risk management" in leverage is a mirage if there is a flash-crash.

b1mm3rl1f3

"Long-term bitcoin holders have sold more than 400,000 bitcoin over the last 30-days, representing almost 2% of the total supply." It's crazy that that level of rotation into gold happened and we didn't dump 50%. There's obviously monstrous size absorbing this sell pressure and BTC keeps maintaining higher lows @ key support. "Bitcoin fell 4.5% in October, ending a six-year streak of positive performance, but LMAX strategist Joel Kruger says the drop is likely a pause, not a reversal. The fundamentals remain strong, and historically, Q4 is Bitcoin’s best-performing quarter. Bitcoin is last down 2.4% at $107,564." Will people get tired of waiting for BTC and flood the stock market? Saylor says $150k EOY, Tom Lee says $200k EOY. The \~$14B in shorts can't and won't be ignored by MM but I think the squeeze happens in Q1

iDecidedToBeBetter

The Federal Reserve: “there is an infinite amount of cash at the Federal Reserve”. https://youtu.be/CDS8gs_5W6E?si=At3MGh8Ddsh4_7G1 The denominator will grow indefinitely. Your $ will be a smaller and smaller part of the total amount of dollars in existence. So that fraction would be $1/(infinitely growing amount) BTC there will only ever be 21MM so the denominator is fixed. 1BTC with always be 1/21MM

HighValueJourney

Anyone under the assumption that there will not be an alt season has been fully played. The MM are not going to allow billions of dollars to just slip away. They are accumulating. It is all a scam. It is just a matter of what side of the scam you are on!

namieorange

You know exchanges and MM can trigger alt season the moment they want right? Same as they crashed the whole market to -90% they can simply create massive god candles and FOMO as they wish with such thin books. That is IF they want. If and when it's convenient for them, they'll attract all degens in again. Greed is stronger than fear

panthera_N

no new money coming in, only old people's money flowing into MM wallet nonstop, squeeze until dry 🤔

MaximumStudent1839

> Strokin asserts that Binance can crash Bitcoin's price to $30K–$50K with just three clicks No. That is absurd. If CZ can do that, BNB would be top 2 at least by now. > liquidating 133,000 traders There is your problem. The space has gotten addicted to perp trading. Heck, they have become so much of a volatility junkie that they have to leverage volatile memes like Fartcoin. The shit is already volatile by itself. Wintermute and such are MM. They can make money from searching where liquidity lives. If there is a huge spot of liquidity from leverage, wtf do you think they will do? It is their business. If ppl don't do crazy levels of perps, they have no leverage to hunt.

Lantjiao69

MM is eating good this year, and you call them dumb? 🤣

paidzesthumor

Data scrape a sample of your winning trades, develop a trading model then test against the remainder of your wins to validate if it’s an exploitable pattern. Some prop shops might be willing to nibble on your strategy but just know you’re trying to sell to traders whose strategies are virtually certain to better than yours and at scale. IMO it’s more valuable to demonstrate a track record of self-learning, analyzing, refining and improving your strategy and articulating your conviction and rationale behind the changes you made rather than any raw genius or skill. As far as tools go, you can either monetize it or shop it as part of an interview process if you’re looking to get a 9-5 a trading software engineer. My own two cents, monetizing SaaS in the trading / MM space is a lot tougher now with AI. People can dunk on vibe coding all they want but the reality is that the bar to impress with an MVP is way higher now.

innocentrrose

I still use MM because it’s what I’m used to, and what I started with in 2021. BUT I will say after using other wallets throughout the last year alongside it, MM is kinda ass compared…

Pretenderinchief

No news was bad news. Idiots putting on massive leverage on possible positive tariff meeting so the MM decide to wipe them out before heading north slowly. Everyone in here with a 300 dollar portfolio decides to come in here and type "WE ARE DEAD".

Lufia321

MM also does that with scam sites

PandorasBucket

I see I guess I already have so many wallets added in MM that it would be a huge pain in the ass for me to switch at this point.

ftball21

Exactly. Connecting a *hardware wallet* to rabby is a far superior ux compared to clunky MM

HSuke

I think you might be alone on that opinion. Exodus lacks half of the advanced features of MM, Rabby, and CB wallet. It's one of the most basic wallets I've tested.

Environmental_gobrrr

I used to be in the same shoes as you tbh MM is shit rabby was ahead of the curve and you have/had to manually change the network fill all the bullshit details moreover when i used to use MM I couldn't see the portfolio value including all chains and the mobile UI it was too damn laggy very annoying

d_drobot

Bruh, MM has had simulations before rabby was launched

PandorasBucket

I still see no reason to switch from MM. I've never understood the hate.