This past day shook the crypto world with a wave of liquidations on a scale never seen before—even surpassing the infamous COVID and FTX crashes. Almost everyone, myself included, saw massive losses. But if history repeats, this could be a setup for one of the best buying opportunities we’ve had in ages.
Key Takeaways
- Massive liquidation volume in crypto, exceeding previous historic dumps
- Most traders—including me—lost substantial amounts
- Big dumps are often followed by huge bull markets
- I’m re-entering the market with new positions on Bitcoin and top altcoins
- Exchanges like Coinflare performed reliably throughout the chaos
The Biggest Liquidation – Everybody Took a Hit
In the last 24 hours, the markets saw something rare: huge positions across Bitcoin and countless altcoins were wiped out. I watched nearly every open position I had get obliterated. Just quick math—I’m down around $7 million in unrealized gains (ouch). Whether you’re down $7k or $70k, it felt like no one was spared.
The speed was wild: a 19% correction in only a few hours. In a bull market, dips like this aren’t odd—but the intensity this time was new. We’ve seen this pattern before, though. Think of the last COVID crash. Big disaster, then, not long after, a raging bull run. So as rough as it is now, I’m not giving up.
My Surviving Position (And What I’m Buying Next)
There was one bright spot—my BNB trade over at Coinflare survived, bags still intact. Coinflare was up the entire time, stop-losses worked, and I even decided to add a bit to the position mid-panic. Other exchanges lagged or glitched. BNB isn’t my top pick for right now, but Coinflare showed it can handle even wild markets.
New Positions I’m Eyeing
Here’s where my attention is headed next:
- Ethereum (ETH): Huge support levels, now looking like a prime opportunity. I expect a bounce back above support soon.
- Bitcoin (BTC): Opened new positions. Even with the dump, the long-term chart says ‘bull’ to me.
- Cardano (ADA): Opened a position, looking risky but market-wide momentum can do wonders.
- Dogecoin (DOGE): It dropped hard (from $0.25 to $0.09), but with everyone liquidated, this could be near bottom.
- Avalanche (AVAX), Polkadot (DOT), Chainlink (LINK), Solana (SOL): All saw huge dips—often that means a high chance of a quick snapback.
- Cosmos (ATOM), Shiba Inu (SHIB): Both utterly battered, making them interesting short-term plays.
I’m splitting these buys across Coinflare, Bybit, and WEEX. Table below sums up my core shopping list:
| Coin | Why I’m Buying |
|---|---|
| Bitcoin | Post-dump rallies typical, chart bullish |
| Ethereum | Strong support, oversold |
| Cardano | High-risk, high-reward |
| Dogecoin | Massive drop, likely oversold |
| AVAX | Huge move down means great entry |
| DOT | Also saw crash, buying the fear |
| LINK | Off a big candle, still a strong project |
| SOL | Best support among majors |
| ATOM | Multi-year lows |
| SHIB | Extreme drop, picking up pennies |
Why Am I Optimistic After Losing So Much?
Honestly, after losing millions, you’d think I’d be out. But here’s the kicker: after events like this—when everyone’s wiped out—the market is usually primed to go up again. The majority of weak hands are gone. It’s always extra painful right before a run, it seems.
History even says so:
- After big liquidations in the past, the market didn’t just rebound—bull runs followed.
- The stock-to-flow ratio still shows we’re in the yellow (bull phase), with green (bear market) still ahead.
- December is typically a top month. If things line up, there’s a chance for a big surge from October through December.
I’m putting my own money where my mouth is—$1.7 million to be exact—depositing right back in to catch this move. Call me stubborn or hopeful, but that’s my plan.
Altcoins To Watch (And Some Side Tips)
Beyond the main picks above, I’m also making room for a few special plays, especially over on Bybit:
- Mantle (MNT): Heavily linked with Bybit, down big, but has value potential.
- Medieval Empires Token (ME): Solid strength during the dump, staking discounts are a bonus.
- Casta (CAS): Updates coming, worth a small ‘hold and forget’ position.
Flush out USDT, deploy into your favorite coins, and just hold tight. If history has any say, this ugly drop is the beginning of something much better.
Final Thoughts
No one saw this coming. Losses stung, but I’m not blaming myself—or you. Don’t get thrown off. These are the moments that make or break your portfolio. If you want my full detailed breakdown—with all the market theories, emotion, and reasoning—check out the recent live stream on the channel. And, as always, don’t risk more than you can afford to lose. I’m sharing my own story, not financial advice. Onwards!
