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CRYPTO FALLS, STOCKS HIT ANOTHER ATH, SOL DEFI COINS SOAR

by admin September 21, 2025

CRYPTO FALLS, STOCKS HIT ANOTHER ATH, SOL DEFI COINS SOAR

AVAX & NEAR lead L1s, most alts fall. XRP, DOGE ETF debut, $50m day 1 combined volume. MetaMask token coming ‘very soon’. Michigan BTC bill moves forward after delay. Brera Holdings launches $300m SOL DAT. ETH Fusaka upgrade scheduled for December. Plasma TGE set for 25 September. Circle facing intense competition: JP Morgan. PYUSD expands to Tron, Aave and other blockchains. Avantis adds top tech stocks on chain, allows 25x lev. ASTER keeps rising, hits $3.8n FDV. ASTER hits $310m spot volume on TGE launch. BTC trading firm CEO pleads guilty to $200m ponzi. Canada seizes $40m crypto from TradeOgre.

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September 21, 2025 0 comments

GameFi Guides

Stocks Over Spot: The Case For Buying Bitcoin Treasury Companies Instead Of BTC

by admin September 21, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin is among the world’s most important assets, but owning it directly is not the only way to get exposure. A growing number of public companies hold massive amounts of Bitcoin on their balance sheets. For investors buying these stocks, it can sometimes offer even greater upside than holding BTC itself.

Why Some Bitcoin Stocks Outpace BTC Itself

In a thought-provoking post on X, Adam Livingston, author of the Bitcoin Age and the Great Harvest, offers a compelling argument for why investors should consider buying the stock of Bitcoin treasury companies, rather than just BTC itself. His perspective goes beyond a simple leveraged play and speaks to a long-term vision of a new financial infrastructure built on a BTC foundation.

Livingston’s thesis is that a new paradigm-shifting financial infrastructure built over the coming years will take Bitcoin to $100-200 trillion BTC market, supporting an equal magnitude of Bitcoin-denominated credit and equity. This new infrastructure would enable global transactions at light speed on open ledgers, providing everyone with a censorship-resistant, inflation-proof yield stream.

The key takeaway from the recent unconference is that this infrastructure needs to be built because it is where solving complex issues, such as custody, compliance, and distribution across different jurisdictions, comes into play.

It also involves creating products that cater to traditional investors who may not want or need a volatile, infinite-duration asset like Bitcoin itself. Thus, these products can strip away volatility, manage duration, or FX risk, allowing institutions and individuals to gain the spread and recycle profits back into BTC collateral.

However, Livingston argues that Bitcoin can enable the exact instruments they do want. If BTC is to reach $1,000,000, it will require a robust financial infrastructure to funnel global capital into the asset.

Why Waiting For A Bear Market Is A Flawed Strategy

Crypto analyst Rajatsonfinance has highlighted a contrarian perspective on Bitcoin investing, urging people to abandon the common strategy of waiting for a bear market to start buying. Instead, he advocates for a more proactive approach centered on value creation and consistent accumulation.

According to Rajatsonfinance, trying to time the market is a flawed and often unsuccessful endeavor. He argues that waiting for a crash could be used to build skills and create value in the real world. His primary advice is to focus on earning more money and then exchanging that income for Bitcoin, whether by selling services for dollars and converting them or by accepting BTC directly as payment.

The analyst emphasized that if executed with a solid idea, passion, and consistent effort, it can lead to a far more significant BTC stack than one could ever accumulate by trying to buy the dip. He suggests that a successful business or a well-executed side hustle has the potential to generate far more than a modest $10,000 to $15,000, which would result in a holding far exceeding 0.1 BTC.

BTC trading at $115,816 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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September 21, 2025 0 comments

Crypto Trends

Bitcoin Dips Under $114.5K While Gold, Stocks Head Higher

by admin September 15, 2025

Key points:

Bitcoin diverges from stocks and gold to see daily losses of 2% to start the week.
Analysis hopes that the upcoming Federal Reserve interest-rate decision will provide a BTC price boost.
Hidden bullish divergences strengthen the case for BTC price gains.

Bitcoin (BTC) struggled at $115,000 into Monday’s Wall Street open as analysis saw more BTC price downside.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

BTC price sees “classic” downside into FOMC

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping up to 2% versus the day’s highs.

Bitcoin diverged from both gold and US stocks, with the S&P 500 and Nasdaq Composite Index both gaining at the open. Gold price passed $3,655, now under $20 from all-time highs.

XAU/USD one-day chart. Source: Cointelegraph/TradingView

Commenting, crypto trader, analyst and entrepreneur Michaël van de Poppe tied BTC price weakness to the week’s key macroeconomic event.

Bitcoin, he argued, traditionally trades down into US Federal Reserve interest-rate decisions.

“Very classic price action prior to the FOMC meeting,” he wrote in part of a post on X.

“Very likely we’ll continue to correct on $BTC & Altcoins until the FOMC meeting has passed.”BTC/USD one-day chart with FOMC meeting dates marked. Source: Cointelegraph/TradingView

Van de Poppe referred to the Federal Open Market Committee, or FOMC, tipped by markets to deliver a 0.25% rate cut on Wednesday.

While some crypto market participants expressed dismay at Bitcoin’s inability to join risk assets in rallying at the start of the week, others eyed bullish chart cues.

Looks bullish… for Nasdaq pic.twitter.com/IsLUKXz8J8

— WhalePanda (@WhalePanda) September 15, 2025

Among these was a hidden bullish divergence for the relative strength index (RSI) on weekly timeframes.

“Bitcoin weekly hidden bullish divergence is now confirmed,” popular trader BitBull reported.

“Since 2023, every bullish or hidden bullish divergence has played out for $BTC and resulted in big gains.”BTC/USDT one-week chart with RSI data. Source: BitBull/X

Fellow trader Merlijn argued that the RSI divergence meant that the macro picture was “screaming continuation” higher, calling BTC price upside “inevitable.”

Bitcoin sentiment neutral as stocks climb “wall of worry”

One similarity between Bitcoin and stocks came in the form of market sentiment as the week began.

Related: BTC ‘pricing in’ what’s coming: 5 things to know in Bitcoin this week

Despite the S&P 500 reaching new highs and Bitcoin being not far below price discovery, sentiment was “leaning bearish.”

“If anything, several measures of sentiment shows that fear is the prevailing emotion,” trading firm Mosaic Asset Company wrote in the latest edition of its regular newsletter, “The Market Mosaic.”

Mosaic observed that large investors were net short across various stocks futures, “where positioning in the group is seen as a contrarian signal.”

“Various measures of sentiment are a tailwind for stock prices as the market climbs a wall of worry,” it added.

Investor stocks futures positioning (screenshot). Source: Mosaic Asset Company

The Crypto Fear & Greed Index remained in neutral territory at 53/100 on the day, far from overheated levels above 95 which traditionally accompany price action near all-time highs.

Crypto Fear & Greed Index (screenshot). Source: Alternative.me

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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September 15, 2025 0 comments

S&P 500 One-Month Chart From Google Finance

Crypto Trends

What the Fed’s Sept. 17 Interest Rate Decision Means for Crypto, Gold and Stocks

by admin September 13, 2025

Investors are counting down to the Federal Reserve’s Sept. 17 monetary policy decision; markets expect a quarter-point rate cut that could trigger short-term volatility but potentially fuel longer-term gains across risk assets.

The economic backdrop highlights the Fed’s delicate balancing act.

According to the latest CPI report released by the U.S. Bureau of Labor Statistics on Thursday, consumer prices rose 0.4% in August, lifting the annual CPI rate to 2.9% from 2.7% in July, as shelter, food, and gasoline pushed costs higher. Core CPI also climbed 0.3%, extending its steady pace of recent months.

Producer prices told a similar story: per the latest PPI report released on Wednesday, the headline PPI index slipped 0.1% in August but remained 2.6% higher than a year earlier, while core PPI advanced 2.8%, the largest yearly increase since March. Together, the reports underscore stubborn inflationary pressure even as growth slows.

The labor market has softened further.

Nonfarm payrolls increased by just 22,000 in August, with federal government and energy sector job losses offsetting modest gains in health care. Unemployment held at 4.3%, while labor force participation remained stuck at 62.3%.

Revisions showed June and July job growth was weaker than initially reported, reinforcing signs of cooling momentum. Average hourly earnings still rose 3.7% year over year, keeping wage pressures alive.

Bond markets have adjusted accordingly. Per data from MarketWatch, 2-year Treasury yield sits at 3.56%, while the 10-year is at 4.07%, leaving the curve modestly inverted. Futures traders see a 93% chance of a 25 basis point cut, according to CME FedWatch.

If the Fed limits its move to just 25 bps, investors may react with a “buy the rumor, sell the news” response, since markets have already priced in relief.

Equities are testing record levels.

The S&P 500 closed Friday at 6,584 after rising 1.6% for the week, its best since early August. The index’s one-month chart shows a strong rebound from its late-August pullback, underscoring bullish sentiment heading into Fed week.

S&P 500 One-Month Chart From Google Finance

The Nasdaq Composite also notched five straight record highs, ending at 22,141, powered by gains in megacap tech stocks, while the Dow slipped below 46,000 but still booked a weekly advance.

Crypto and commodities have rallied alongside.

Bitcoin is trading at $115,234, below its Aug. 14 all-time high near $124,000 but still firmly higher in 2025, with the global crypto market cap now $4.14 trillion.

BTC-USD One-Month Price Chart From CoinDesk Data

Gold has surged to $3,643 per ounce, near record highs, with its one-month chart showing a steady upward trajectory as investors price in lower real yields and seek inflation hedges.

One-Month Gold Price Chart From TradingView

Historical precedent supports the cautious optimism.

Analysis from the Kobeissi Letter — reported in an X thread posted Saturday — citing Carson Research, shows that in 20 of 20 prior cases since 1980 where the Fed cut rates within 2% of S&P 500 all-time highs, the index was higher one year later, averaging gains of nearly 14%.

The shorter term is less predictable: in 11 of those 22 instances, stocks fell in the month following the cut. Kobeissi argues this time could follow a similar pattern — initial turbulence followed by longer-term gains as rate relief amplifies the momentum behind assets like equities, bitcoin and gold.

The broader setup explains why traders are watching the Sept. 17 announcement closely.

Cutting rates while inflation edges higher and stocks hover at records risks denting credibility, yet staying on hold could spook markets that have already priced in easing. Either way, the Fed’s message on growth, inflation, and its policy outlook will likely shape the trajectory of markets for months to come.

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September 13, 2025 0 comments

GameFi Guides

CoinShares BTC Mining ETF Hits Record High as AI Stocks Extend Rally

by admin September 10, 2025

The CoinShares Bitcoin Mining ETF (WGMI) rose 12% to a record $33.13 on Tuesday as Nebius Group’s $17.4 billion agreement to supply GPUs to Microsoft boosted crypto mining and AI-related stocks across the board

The exchange-traded fund is now 44% higher year-to-date and has surpassed its market debut level of around $30.

The top two holdings have been standout performers year-to-date:

IREN (IREN) has surged 188%
Cipher Mining (CIFR) has climbed 90%

WGMI manages $175.7 million in total assets with an expense ratio of 0.75%.

AI momentum

The Nebius-Microsoft deal sparked a rally in AI-focused mining stocks on Tuesday, adding to momentum from the broader AI movement.

AI euphoria also boosted Oracle (ORCL), which surged 30% in pre-market trading on Wednesday. The company, a database software developer that has pivoted to cloud computing, raised its cloud revenue growth forecast to 77% on soaring AI demand, according to Financial Times. Its backlog surged 359% to $455 billion, fueled by massive AI-driven cloud contracts.

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September 10, 2025 0 comments

Crypto Trends

Kraken brings tokenized U.S. stocks to the EU via xStocks

by admin September 10, 2025

Kraken users based in the EU can now gain access to tokenized U.S. stocks and ETFs on-chain through the release of xStocks. The offerings are powered by Backed.

Summary

Kraken has expanded access to xStocks for traders based in the EU.
EU investors will gain access to more than 60 U.S. tokenized stocks and ETFs.

Kraken’s EU-based clients can now trade tokenized U.S. stocks and Exchange Traded Funds or ETFs as part of the global phased roll-out of xStocks. The expansion builds upon a recent phased launch of over 60 tokenized assets available across more than 140 countries.

This means that EU investors will be able to trade stocks like Tesla, NVIDIA, Strategy, Circle, Google, Apple and more through the Kraken app.

Powered by Backed, xStocks are tokenized stocks on a blockchain that represent shares of traditional companies or ETFs. They are backed 1:1 by the underlying shares held by a custodian and designed to mirror the value of traditional stocks.

The on-chain product offers benefits like around-the-clock trading, global accessibility, fractional ownership, and integration with Decentralized Finance protocols, without the need for traditional brokerage account. In fact, EU traders can immediately access xStocks through the Kraken app.

Historically, traders in the EU attempting to gain exposure to U.S. markets often face hurdles that make it difficult to participate. With traditional markets, EU investors are have to deal with limited or partial exposure to U.S. markets, friction from currency rates and cross-border transfers. Moreover, they experience delays due to different market hours as well as difficulty withdrawing and transferring equities between platforms.

By placing U.S. stocks on-chain, Kraken hopes to remove those barriers by offering a flexible and globally accessible way to gain exposure to U.S markets. xStocks can track the price of U.S. equities without the need for traditional brokers or third parties. EU investors can trade in tokenized certificates, enabling them to control assets and move them freely across platforms.

In addition, traders in the EU can use xStocks across DeFi protocols in the form of financial building blocks. Unlike traditional markets that are restricted by the operational hours, xStocks are available for 24 hours within the five weekdays on Kraken.

Kraken’s xStocks offering

Initially, xStocks were first deployed as SPL tokens on the Solana blockchain. Now, Kraken claims that it has plans to expand xStocks token support to include BEP-20 on the Ethereum mainnet. Users will be granted the choice to either interact with xStocks through Solana (SOL) or Ethereum (ETH).

Overtime, Kraken plans to expand support for xStocks by integrating with more blockchains, including Ink and other chains in the future.

Kraken’s Global Head of Consumer, Mark Greenberg, called expanding access to xStocks for customers in the European Union as a “natural next step” for the platform because of its established presence there.

“For too long, it’s been unnecessarily challenging to gain exposure to U.S. markets, and with xStocks we’re removing many of the barriers,” said Greenberg.

Scatter plot chart for xStocks measured Assets Under Management | Source: Dune Analytics

According to data from Dune analytics, xStocks has reached more than $3.6 billion in cumulative trading volume since its launch on June 30 this year. This figure accounts for volumes across centralized and decentralized exchanges, including Raydium and Kraken.

So far, the largest share of volume comes from TSLAx, NVDAx, MSTRx and CRCLx, tracking tracking Tesla, NVIDIA and Circle stocks respectively.

Most recently, xStocks made up roughly 58% of all tokenized stock trading in mid-August this year. In fact, Solana alone held a majority share of the xStocks market value at $46 million out of $86 million, as reported by crypto.news.

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September 10, 2025 0 comments

Charts signal 2024-like massive BTC bull run ahead. (NASA-Imagery/Pixabay)

NFT Gaming

Nebius-Microsoft $17.4B Deal Lifts AI Mining Stocks

by admin September 9, 2025

Nebius Group (NBIS) shares soared 47% in pre-market trading after the company said it signed an agreement to supply Microsoft (MSFT) with graphic processing units (GPUs) in a deal Reuters valued at $17.4 billion over five years.

The contract is worth more than the Amsterdam-based company’s entire market capitalization, currently $15.29 billion. According to Reuters, Microsoft may increase the contract value to $19.4 billion by acquiring additional services capacity.

Shares of other companies involved in artificial intelligence (AI) computing, also advanced. Cipher Mining (CIFR) and IREN (IREN) both climbed 9% on speculation of further AI infrastructure partnerships, echoing similar moves seen earlier this year with CoreWeave (CRWV) and TerraWulf (WULF).

Nebius provides Nvidia-powered GPUs, cloud services and AI developer tools built on its proprietary hardware and software.

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September 9, 2025 0 comments

Crypto Trends

Best Altcoins to Buy After US Senate Confirms Tokenized Stocks Are Still Securities

by admin September 7, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Complicated rules and regulations have long been the tightest noose around crypto’s neck – but that’s now changing rapidly with Donald Trump back in the president’s seat for a second term.

The latest sign of the US government’s pro-crypto stance is the Senate’s new bill, the Responsible Financial Innovation Act of 2025.

Most notably, the bill introduces a crucial provision clarifying that tokenized stocks and similar assets will remain classified as securities.

Keep reading to learn why this clarification is a win for crypto, how it simplifies things for blockchain businesses, and what the best altcoins to buy to make the most from the momentum this regulatory shift is set to create.

Why the Senate’s 2025 Bill Could Supercharge the Crypto Market

The Senate’s latest bill is crucial because it ensures that companies involved in tokenization can continue operating within familiar frameworks, including broker-dealer systems, clearing mechanisms, and trading platforms.

Even better, the bill also lays out clear guidelines on when digital assets will fall under the jurisdiction of the Securities and Exchange Commission (SEC) versus the Commodity Futures Trading Commission (CFTC).

Wyoming Senator Cynthia Lummis reinforced the urgency, saying, ‘We want this on the president’s desk before the end of the year,’ showing that the Senate isn’t just committed to pro-crypto changes but also to rolling them out quickly for maximum impact.

Combined with the prospect of multiple Federal Reserve rate cuts in 2025, there may not be a better time to load up your portfolio with explode-worthy altcoins like the following.

1. Snorter Token ($SNORT) – New Telegram-Based Trading Bot Helping Retail Meme Coin Traders

Snorter Token ($SNORT) powers a new Telegram trading bot built to restore parity in the meme coin trading space.

Right now, deep-pocketed investors with advanced tools and algorithms scoop up most of the liquidity in newly listed tokens, effectively shutting out retail traders from those early meme coin pumps.

Snorter Bot’s automatic execution changes that. It lets you place buy/sell orders in advance and then executes them the moment liquidity becomes available – something nearly impossible to do manually.

This gives you the chance to ride the earliest (and often biggest) price jumps in new meme coins.

On top of that, the bot is loaded with robust safeguards against common on-chain threats, including rug pulls, honeypots, front-running, and sandwich attacks.

Why buy $SNORT, Snorter Bot’s native cryptocurrency?

A potential 807% ROI by year-end, according to our $SNORT price prediction
No daily sniping limits
Advanced analytics
Generous staking rewards, currently yielding 123%
Reduced trading fees: just 0.85% vs. 1.5% charged to non-holders

Interested? Join the $SNORT presale, which has already pulled in over $3.77M from early investors. And each token is currently priced at just $0.1037.

Check out Snorter Token’s presale page to snort your way to profitable trades.

2. Maxi Doge ($MAXI) – Dogecoin-Themed Meme Coin with Aggressive Marketing Plans

Maxi Doge ($MAXI) might not have an other-worldly staking mechanism or any underlying utility, but its raw, laser-focused mission to overshadow Dogecoin has crypto degens hooked.

Simply put, Maxi is Dogecoin’s distant cousin who, thanks to Doge’s pomp and show as the best meme coin ever, grew up in the shadows. This left Maxi licking his paws in frustration.

That’s why Maxi harbors an undying hatred for Dogecoin. The million-dollar question, however, is whether $MAXI is capable of being the next 1000x crypto.

The answer? A resounding yes. With over 40% of its total token supply reserved for marketing (think PR campaigns, influencer partnerships, and social media blitzes), $MAXI has locked in a solid plan to go viral.

Additionally, it won’t stop at DEX and CEX listings – $MAXI is also eyeing a futures platform launch.

This could make it even more popular among high-risk, high-reward traders, who will be able to take leveraged positions and chase potentially life-changing gains.

Join the tribe by buying $MAXI while it’s still in presale at just $0.000256. The project has already amassed $1.9M in funding within just a few weeks.

Join the presale and go with this unhinged Maxi Doge in his journey to take down Dogecoin.

3. Comedian ($BAN) – Viral Meme Coin Based on Controversial Artwork

Comedian ($BAN)’s 130%+ rise over the past month is already impressive, but its additional 22% gain this past week is particularly noteworthy, as it comes right after a major breakout.

The breakout in question was a run-up out of a descending triangle pattern – the same formation that pushed the token into a nearly 90% drawdown back in February-April this year.

According to textbook technical analysis, by measuring the width of the triangle and projecting it from the breakout, $BAN could be on its way to $1.419360 – an eye-popping 1,000% gain from current price levels.

For context, Comedian is based on the controversial artwork featuring a banana taped to a wall.

This so-called piece of ‘modern’ art that has sparked endless online debate about whether it represents brilliance or just lazy absurdity.

Wrapping Up

With the US government showing no signs of slowing down its pro-crypto stance, the stage is set for the crypto market to rise by leaps and bounds in the coming weeks.

Remember, this article is not financial advice, and you must always do your own research before investing.

Authored by Krishi Chowdhary, Bitcoinist — https://bitcoinist.com/best-altcoins-to-buy-us-senate-confirms-tokenized-stocks-still-securities/

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September 7, 2025 0 comments

Crypto Trends

ARK Invest Buys $16M BitMine and $7.5M Bullish Stocks

by admin September 7, 2025

Cathie Wood’s ARK Invest isn’t waiting for regulatory green lights, it’s doubling down. The firm has dropped $23.5 million across BitMine Immersion Technologies and crypto exchange Bullish, tightening its grip on crypto-adjacent equities despite industry volatility.

According to Friday’s trade disclosures, ARK’s flagship ETFs (ARKK, ARKW, and ARKF) collectively scooped up 387,325 shares of BitMine, valued at $16 million, and 143,906 shares of Bullish, worth about $7.5 million. The biggest bag went to ARKK, leading both allocations.

Back-to-back Bullish buys

The latest Bullish stock grab follows ARK’s $172 million play on Bullish’s IPO debut in August. That offering, one of crypto’s boldest Wall Street listings this year — raised $1.1 billion, with shares spiking 83.8% out of the gate.

Bullish, which owns CoinDesk and runs regulated crypto exchanges across Hong Kong, Gibraltar, Singapore, and the UK, ditched its failed SPAC plans from 2021 and went public the old-fashioned way. The firm’s sudden favor with institutional capital hints at how quickly the crypto narrative can flip when Wall Street decides it’s time.

BitMine quietly builds ETH empire

While the headlines favor Bitcoin, BitMine is quietly rewriting the Ethereum treasury playbook. On Thursday, the company acquired $65 million in ETH across six OTC trades facilitated by Galaxy Digital, pushing its ETH stack to over 1.5% of the entire circulating supply.

Unlike leveraged gambles, BitMine’s ETH war chest is entirely cash-funded, signaling a full-throttle bet on Ethereum’s long-term monetary value. The firm isn’t just holding ETH, it’s making it the centerpiece of a public-market strategy most companies wouldn’t touch.

Signals from the top

ARK’s multi-million-dollar allocations to crypto-native firms are a clear signal: traditional ETFs may still be stuck in approval limbo, but equity exposure to crypto is already in play, no regulator required.

With BitMine mimicking MicroStrategy’s model (only Ethereum-flavored) and Bullish posturing as a regulated, post-SPAC redemption arc, ARK is betting on a future where tokens, not just stocks, dictate market performance.

The crypto stock sweep might not make headlines like spot ETF approvals, but the capital says it all. For investors paying attention, ARK’s moves are less about hype and more about positioning before the next breakout cycle.

Also Read: Polymarket Breaks Record for New Markets, Eyes Comeback in USA

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September 7, 2025 0 comments

NFT Gaming

Gold, Crypto or Stocks? Key Difference Revealed, And It Is Brutal for Bitcoin

by admin September 6, 2025

When markets feel the heat, the contrasts between them become clear right away. Popular crypto analyst Will Clemente perfectly highlighted this gap amid the latest shake out.

The fact is that gold has central banks that rush to add to reserves, and stocks are cushioned by pension and sovereign funds that love to compound, but crypto has none of that. The only names associated with it on public markets are the ones that crash at the same time as the coins themselves.

“When sell-off hits”

Today’s situation looked even worse on the derivatives side. In just 24 hours, there were more than $371 million in liquidations, split between $230 million in longs and $141 million in shorts.

In just the first hour after the report came, a whopping $117 million was gone, showing how easily things can fall apart when there is no deep capital backing it up.