Major Macro Deleveraging Event Flagged
A top macro analyst is calling the current unwind the biggest deleveraging event in over a decade, coinciding with a Binance hack and broad market stress signals.
What we know
An account on X flagged what he describes as the largest deleveraging event in 10+ years, a post that garnered nearly 3,000 likes and 440 RTs — suggesting wide agreement among financial followers. This dovetails with the Binance hot wallet hack, where another account on X explains that hackers rapidly swapping stolen USDT for ETH (fearing Tether freeze) + Binance halting withdrawals created a dual-price ETH market exploited for ~$3.47M in arbitrage within an hour.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.