Crypto holds up against equities; Robinhood Chain AMA divides traders
Crypto saw about $1.1B of liquidations but BTC fell less than the Nasdaq, which some read as relative strength. Vlad Tenev's Robinhood Chain AMA split traders between bulls and bears.
What we know
The Block reports nearly $1.1B in 24h liquidations and says the midterms haven't resolved macro or regulatory uncertainty. An account on X says BTC down 4% against Nasdaq down 5% is bullish, and another account on X predicts a violent rotation from AI to BTC. Vlad's Robinhood Chain AMA spurred bullish calls from another account on X, a bearish take from another account on X, and a pump in $VRAX. $LIT and $ZEC stood out as relative strength. An unverified Binance insolvency rumor also circulated.
How the story developed
Crypto saw about $1.1B of liquidations but BTC fell less than the Nasdaq, which some read as relative strength. Vlad Tenev's Robinhood Chain AMA split traders between bulls and bears.
Brian Armstrong stressed ongoing security hardening, while Robinhood Chain and tokenized stocks build out ecosystem activity.
Bitcoin is quiet but miners jumped 10-17%; Raoul Pal calls it a mid-cycle correction; Robinhood Chain posts record Uniswap volume.
Arbitrum's Singapore events crowned winners including Zona and Atoma, and Uniswap launched a hook on Robinhood Chain.
Sources
“Total crypto liquidations over the past 24 hours reached nearly $1.1 billion”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.