A whale's heavy short position alongside $1.2 billion in liquidations and a fear index at 25 underscores how crowded leverage and thin order books are amplifying market fragility. Simultaneously, rising self‑custody and crosschain usage collide with concentrated trading infrastructure, exposing dependence on new gatekeepers even as exchange supply hits a six‑year low. Behavioral discipline, not seasonality slogans, appears to be the defensible edge as exploiters and retail alike burn capital on panic exits, including a $13 million misfire.
Reddit
#market volatility
#decentralization
#liquidity
#behavioral finance
