Intel shares plunged 29%, dragging down the entire chip sector, 🤷🏼‍♂️

The market lost up to $1 trillion in total.

Now we’re cooked

History doesn’t repeat itself, but sometimes it rhymes. 👀

📍 November 10, 2021 — Bitcoin reached its ATH.
📍 November 11, 2022 — FTX collapsed.
⏳ 366 days later.

Now look at the latest timeline:

📍 October 6, 2025 — Bitcoin reached a new ATH.
📍 October 29, 2026 — Binance hack.
⏳ 388 days later.

Two major Bitcoin peaks. Two major crypto industry disasters. Almost exactly one year apart.

Coincidence? Maybe.

But crypto history has a strange way of repeating its patterns.

Now tell me everything always happens by itself and completely randomly, totally unplanned)) Must be pure magic, right?
But it’s simpler than that. There’s usually a rough scenario of when, what, and how. Then it gets adjusted as things unfold.

The 2022 U.S. midterm elections were on November 8.
That same day, FTX’s liquidity crisis peaked: massive withdrawals, FTT crashing, and Binance announcing a non-binding deal to buy the exchange.
Timeline of the collapse:
• Nov 2: CoinDesk exposes Alameda’s balance sheet
• Nov 6: Binance starts dumping FTT
• Nov 8 (Election Day): Full liquidity crunch
• Nov 9: Binance walks away
• Nov 11: FTX files for bankruptcy
One of crypto’s biggest failures unfolded in real time while the country was focused on the polls.

I will never get tired of saying this: fundamentals mean absolutely nothing in crypto when it comes to a token's price!

Take Iron Fish, for example. It's a decentralized, Proof-of-Work (PoW)-based, censorship-resistant, publicly accessible blockchain project. Sounds impressive, right? Sounds like something important.

It raised more than $32 million across investment rounds in 2021! Most likely, early investors received token allocations.

And then? Over the course of five years, the token got absolutely crushed, falling from $24 to $0.006.

Eventually, the team announced that it was shutting down support for the blockchain. On top of that, vulnerabilities were discovered that had apparently been there since 2019!

There is something fascinating about this whole story.

Yet some idiots will passionately argue that their project is something truly unique, that I'm just a chart guy who doesn't understand what I'm talking about or appreciate the importance of their supposedly revolutionary technology.

Whether it's ICP, NEAR, ADA, DOT, HBAR, or something else — it doesn't matter.

Every single project is just a startup!

We have no real idea what's going on behind the scenes: internal problems, technical issues, investors, insiders, vulnerabilities. We only see what project teams choose to show us.

And people fiercely defend the technical and fundamental side of these projects for one simple reason: they're emotionally and financially trapped.

Take ICP, for example. Some investors bought the token at $500–$200 back in 2021. Then, for five years, they kept throwing USDT into DCA, eventually bringing their average entry down to, let's say, $100.

At that point, they've become hostages to their own investment.

All they can do is aggressively defend the project and hope that one day they'll finally break even.

That's the real essence of the crypto community!

People in this industry — both project teams and die-hard supporters who get stuck holding these tokens — are often nothing but hypocrites.

And they simply can't stand hearing opinions that go against the narrative.

UPtober!
The cryptocurrency market capitalization has decreased by 410 billion. 🤝️️

All these crypto clichés on X are just like a children's sandbox: “to the moon,” “Uptober,” “fundamentals,” “DYOR,” and so on.))

Will we go up? YES!

What will drive the rally? Absolutely nothing in particular. The market will simply move up and down, hunting for liquidity!

The only question is the timeframe.

All the other news and events that unfold over the next year or two will simply be perceived in hindsight as catalysts for those moves. But they will already have been priced in.

Btc liquidation levels

Gold on the way to test first line.
Hope liquidity from xau will inflow after mid elections in to fancy risky coins 🪙

Friends, token analysis is about to get even more interesting!
We'll now be able to track a much wider range of on-chain transactions and wallet movements.

Following Arkham's latest updates, I've switched to an entirely new platform for my on-chain research!

And there's already something interesting: consistent outflows from Starknet team wallets for 5+ consecutive days. =)

As a special offer for the Crypto4light community, I'm happy to provide an exclusive 10% discount on access:

https://onchainradar.ai/crypto4lightfounder