ARKUSDT
Ark / Tether USD
crypto Composite

Its a bit of a mess tbh. More doesint mean better when talking about stocks and ETFs. It shows lack of conviction. And the overlap on your ETFs is pretty wild. But it's a start I would trim it down and start by removing the ARK ETF. 

That’s me. I bought a ticket to ride on Cathie’s ARK and it sprang a leak. I drowned.

Fuck. That’s me. I bought a seat on Cathie’s ARK. It sprang a leak while traversing the tides and drowned me.

Its a bit of a mess tbh. More doesint mean better when talking about stocks and ETFs. It shows lack of conviction. And the overlap on your ETFs is pretty wild. But it's a start I would trim it down and start by removing the ARK ETF. 

That’s me. I bought a ticket to ride on Cathie’s ARK and it sprang a leak. I drowned.

Fuck. That’s me. I bought a seat on Cathie’s ARK. It sprang a leak while traversing the tides and drowned me.

Is this already priced in to ARK?

Yep, gamestock is still reeling people in today as well as Tesla, the single stock cult is strong. That whole time was crazy with ARK, SPACs, GME, AMC, BB. Retail investing took off after that, made people a lot of money.
I’ve lost a lot of money to spacs during that time too.

Past performance does not indicate future returns. Did you go all in on ARK too?

NEVER BEEN REPORTED ON THE NEWS , WAIT WHY ?
https://preview.redd.it/omsawx3fh1mg1.png?width=1944&format=png&auto=webp&s=01daba23dac606529cb58028ef27db87358a7e83
* At approximately 4:50 PM ET (when traditional markets were closed), President Trump announced a **100% tariff on Chinese imports** (effective November 1) via social media. This escalated U.S.-China trade war fears, sparking immediate risk-off sentiment in global assets.
* Crypto, being 24/7 and highly correlated to risk assets like tech stocks, absorbed the full brunt. Bitcoin dropped from \~$122,000 to as low as $104,000–$3105,000 (a 12–15% plunge), Ethereum fell \~20%, and altcoins like Solana crashed 30–40%.
* This wasn't a random event—analysts note it hit during low-liquidity hours (Friday evening), with thinned order books unable to handle the sell-off. High leverage (e.g., 100x+ on futures) led to cascading forced liquidations as prices hit margin call levels
**Amplifying Factors: Leverage, Liquidity, and Network Issues**
* **Extreme Leverage**: The market had built up massive leveraged positions (e.g., $19B+ liquidated, with \~$7B in the first hour alone). Platforms like Binance saw \~$3.21B vanish in a single minute at peak.
* **Liquidity Withdrawal**: Market makers pulled back due to risk controls, creating a feedback loop where falling prices triggered more sales.
* **Blockchain Congestion**: Ethereum gas fees spiked (from single digits to 100+ gwei), delaying transfers and arbitrage, which worsened depegging of stablecoins like USDe (dropped to $0.62–$0.65 on some exchanges).
* **Exchange-Specific Problems**: This is where debates heat up. Many (including ARK Invest's Cathie Wood and OKX CEO Star Xu) pointed to **Binance's pricing anomalies and depegging** of wrapped tokens (e.g., wBETH, BNSOL, USDe falling 90% temporarily on Binance while stable elsewhere). This led to erroneous margin calls and frozen accounts, amplifying losses. Binance denied it was a "glitch" causing the crash, blaming macro forces instead, but admitted to platform-specific incidents (e.g., display issues) and compensated users \~$283M. Other exchanges had load-related halts, but Binance bore the most criticism.