Newsletter #367

Hey Shitcoiners,

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The last 7 days in the trenches have not been pretty and the timeline is in tatters. We have plenty to get through so we’ll jump right into it! October 10th saw the biggest liquidation in history with a $10B liquidation number floating around. Word on the street is that $10B is just the tip of the iceberg.

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One whale timed the cascade perfectly, walking away with around $200M in profits.

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Rumours quickly spread that the whale was acting on insider information. Udi thought that was a retarded assumption.

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For every winner, there are multiple losers. RIP.

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-$9,000,000 doesn’t sound like a good time.

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We felt it.

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Wicks like that do not bode well for your 10x long.

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Limits were reached.

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Were you comfy in spot, anon?

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We were also hearing of potential market-maker casualties in the cascade. Wintermute always comes up. For those thinking that they would fall, remember the ancestry of Evgeny. He will wear my skin as what?

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Sides at Chipotle are off the menu.

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That supercar you put a deposit down on? Forget that.

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One of us! One of us!

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Bailing out small third world countries will have to wait at this point. Leverage is a hell of a drug.

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The man who is often credited with inventing perps launched a timely competition.

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And the comments delivered.

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The public requested an UpOnly episode. Cobie was up for it. Ledger was spraying gasoline on his face in the woods.

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The writing really was on the wall. The next time you see Zcash pumping, you know what to do.

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In times like these there are few people in the space that can save us. Paolo is one of them. Build the wall!

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At the time of writing on October 17th, we have still not recovered. We are eagerly awaiting Barron’s signal.

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What we really need at this point is Barron on the timeline, giving us the inside scoop on the next move. The current crop of main characters are not delivering with the trading tips.

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However, Ansem does have a banger from time to time. We remember.

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The debasement trade is what we’re calling “getting rekt” now. Get your ass back to de basement.

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Excellent masking.

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We still believe in digital gold but the chart isn’t showing the same enthusiasm.

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Fortunately, gold onramps are nothing like ours; they cannot compete.

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Or can they?

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Where does the Bitcoin price go from here? We were hoping for a strong end to 2025. Polymarket disagrees.

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Arthur however thinks you aren’t being bullish enough. If prices shoot up, are you prepared?

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It is impossible to fake energy.

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Zoom out.

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Saylor, you know what to do.

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We have found a new CT favourite. We like the predictions that DegenPing is putting out there.

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We’ll take whatever we can get at this point, even if it means we have to make sacrifices.

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Will the Monad airdrop save you?

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Probably not.

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Or you can just stick to BTC. They are still shipping!

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However, we are hearing about potential forks and Luke Dashjr is not happy. Knots might be the new BCH.

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In a convenient segue, one of BCH’s biggest proponents is now a free man!

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CZ has had an interesting few weeks. From leading “crime it up” szn to defending listing fees. Is he crashing out?

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Dudas was not impressed.

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We are witnessing a listing war in real-time.

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The lore runs deep.

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The PR agency have been activated.

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If you are thinking it is too late for you, remember that there is always time.

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Just don’t pull a Gainzy.

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On the topic of Thailand…

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Over on Solana, Eclipse threw up a cryptic tweet insinuating they hate their own community. The intern delivered the impressions.

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The Helius team are also getting eyeballs. Mert has been shilling Zcash endlessly. His cofounder has no one to turn to.

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Shielded burritos!

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As we wrap up this edition of the newsletter, you have some decisions to make. Do you continue trying to catch falling knives or do you go and touch grass? The choice is yours.

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See you next week!

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Team Shitcoin.com

Newsletter #367 - Rekt