@emychrizy
Trigger (Oct 10, ~10 PM ET) Trump posts on Truth Social: "100% tariffs on all Chinese imports starting Nov 1" in response to China's "hostile" controls. U.S. gov shutdown delays econ data. | Instant panic: S&P 500 loses $1.5T-$2.5T; Nasdaq -2%. Crypto follows BTC wicks to $102K.
Cascade (Midnight ET) Exchanges (Binance, Coinbase, Kraken) report "glitches": frozen orders, failed stops, 25-min blackouts. Oracles (Chainlink/Pyth) feed bad CEX data to DEXs. $16.7B longs liquidated (1.6M traders rekt). Alts hit absurd lows (SUI $0.50, ATOM -99% wick). Stablecoins depeg 30-40% (USDe to $0.9996). Aftermath (Oct 11-13)
China clarifies: "Controls ≠ ban approvals for compliant apps." Trump walks back slightly. BTC rebounds to $113K; market cap stabilizes at $3.87T. $19.16B total liqs (record). Altcoins down 10-33% net; BTC dominance hits 60%+. ETFs see $440M BTC inflows despite chaos.
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