$500M liquidated from the crypto market in the past 24 hours (twitter.com) 17 points by agnosticmantis 4y ago ↗ HN
[–] 1270018080 4y ago ↗ So, how can they know the crypto is getting liquidated into fiat currencies? [–] 0des 4y ago ↗ Excuse me but I'm trying to confirm some self reinforcing biases here; if you don't mind pausing the critical thought for a moment that'd help me a lot. [–] searealist 4y ago ↗ Because it would be reflected in the price of the crypto-currency it fled to. What crypto-currency is up in the last 24 hours? [–] [deleted] 4y ago ↗ (comment deleted) [–] tatertots1234 4y ago ↗ Users can migrate to USDC and other stablecoins rather than only fiat. [–] searealist 4y ago ↗ same thing [–] tatertots1234 4y ago ↗ Not really.“Everybody is exiting crypto for another type of crypto” wouldn’t be much of a headline. [–] searealist 4y ago ↗ USDC is a essentially fiat. [–] peyton 4y ago ↗ It’s coinglass 24hr rekt. https://www.coinglass.com/LiquidationDataThese are leveraged positions getting liquidated, not spot trades for fiat.
[–] 0des 4y ago ↗ Excuse me but I'm trying to confirm some self reinforcing biases here; if you don't mind pausing the critical thought for a moment that'd help me a lot.
[–] searealist 4y ago ↗ Because it would be reflected in the price of the crypto-currency it fled to. What crypto-currency is up in the last 24 hours? [–] [deleted] 4y ago ↗ (comment deleted) [–] tatertots1234 4y ago ↗ Users can migrate to USDC and other stablecoins rather than only fiat. [–] searealist 4y ago ↗ same thing [–] tatertots1234 4y ago ↗ Not really.“Everybody is exiting crypto for another type of crypto” wouldn’t be much of a headline. [–] searealist 4y ago ↗ USDC is a essentially fiat.
[–] tatertots1234 4y ago ↗ Users can migrate to USDC and other stablecoins rather than only fiat. [–] searealist 4y ago ↗ same thing [–] tatertots1234 4y ago ↗ Not really.“Everybody is exiting crypto for another type of crypto” wouldn’t be much of a headline. [–] searealist 4y ago ↗ USDC is a essentially fiat.
[–] searealist 4y ago ↗ same thing [–] tatertots1234 4y ago ↗ Not really.“Everybody is exiting crypto for another type of crypto” wouldn’t be much of a headline. [–] searealist 4y ago ↗ USDC is a essentially fiat.
[–] tatertots1234 4y ago ↗ Not really.“Everybody is exiting crypto for another type of crypto” wouldn’t be much of a headline. [–] searealist 4y ago ↗ USDC is a essentially fiat.
[–] peyton 4y ago ↗ It’s coinglass 24hr rekt. https://www.coinglass.com/LiquidationDataThese are leveraged positions getting liquidated, not spot trades for fiat.
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[ 1.9 ms ] story [ 50.1 ms ] thread“Everybody is exiting crypto for another type of crypto” wouldn’t be much of a headline.
These are leveraged positions getting liquidated, not spot trades for fiat.