The $20 Billion Crypto Wipeout: An Operator's Debrief

The headlines called it "the largest single-day wipeout in crypto history." But it wasn't a crypto crash; it was a risk management catastrophe. In this BBA Intelligence Briefing, we deconstruct what really happened.

We expose the critical difference between civilian speculators and professional operators, analyzing:

The overleveraged gamblers who were wiped out.

The geopolitical trigger that broke market psychology.

The disciplined institutions that bought the dip.

This is not a story about price; it's a lesson in survival.

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