The Oct 11 Crypto Crash — What Really Happened
TL;DR:
Roughly $60–90M of $USDe was dumped on Binance, along with $wBETH and $BNSOL, exploiting a pricing flaw that valued collateral using Binance’s own order-book data instead of external oracles.
That localized depeg triggered
Don't turn $100k into $5m and then hold it back down to $500k.
Next bull run when you make life changing money, whatever that means for you, please take profit.
When gold peaked in August 2020, $BTC ran from $10K to $60K within months.
Now we’re seeing a similar setup; gold euphoric (RSI > 85), BTC oversold (~32), and macro conditions starting to ease.