"Mum, how did we become so poor?" Well sons: Exactly 1 year ago it was 10/10. Your father was all in, waiting for the promised Q4 bull run. He had small collateral and a bit of leverage on some positions and then there was some mysterious wallet that got funded with 80-160 million USDC right before Trump's tariff post on China and then opened over a billion in shorts on BTC and ETH with perfect timing down to the minute and closed them at the exact bottom for 160-200 million profit which your dad said was impossible without insider info from Trump's circle since his family held billions in WLFI tokens that dipped 25-30% but they bought back 1.4 million worth right after like they knew it was a setup to clean out leverage and then Binance and Bybit suddenly had "technical issues" freezing orders so he couldn't close his positions or buy the dip while the short whale executed flawlessly and at the same time oracles misfired prices causing stablecoins like USDE to de-peg to 0.65 only on Binance which triggered a cascade of unfair liquidations wiping 1.6 million accounts including his and 19-40 billion total but insurance funds barely budged and ADL kicked in clipping winners unevenly and market makers like Wintermute had moved 700 million including 200 million BTC to Binance hours before like they were prepping the harvest and then Coinglass got hacked so no one could see the real numbers in real time and exchanges admitted to "system congestion" rejecting his close orders with error codes -4118 -2022 -1008 while liquidations ran perfectly against retail and some positions got nuked 25x over even with low leverage because collateral was marked at bogus prints and then rumours spread of two massive trading firms going to zero and being forced to dump their entire top-100 token books in a fire sale amplifying the altcoin bloodbath down 50-80% in minutes and meanwhile your dad decided the Chinese Loot Theory fit because Asia had been sidelined all year by US narratives like ETFs that got delayed by the government shutdown so CZ launched Aster dex luring billions in OI from noobs like your dad right before Xi provoked Trump knowing it'd tank everything and loot the overleveraged longs waiting for SOL XRP DOGE ETFs that hadn't arrived yet and then post-crash an invisible predator like a wounded whale or carcinogenic market maker kept dumping majors into their own shorts suppressing recovery while crypto decoupled from rising stocks just like FTX Alameda in 2022 dragging on for months disguised as a bear market and he was convinced Binance orchestrated the whole thing by exploiting their own oracle vulnerabilities to de-peg USDE and cause the cascade specifically to take Hyperliquid out as a competitor but it backfired and then they reviewed cases one by one promising comps benchmarked to midnight but only for that tiny depeg window ignoring the broader manipulation and hundreds of portfolios erased including funds that never admitted it publicly and the real winners were a handful of entities pocketing billions in zero-sum derivs while retail became collateral damage in a quiet war between giants and regulators never probed it because it was all "just volatility" not negligence or coordination and since then he's been unable to make money again because he says the market still has artificial pressure and claims someone's still unwinding massive losses by selling non-existent coins into non-existent bids a year later, I think he's retarded. and that's why we're having beans on toast again.