$BTC did end up wicking down to $98k overnight, but alts and memes barely budged as it seems they already front-ran the selling anyway, i personally think most of the pain is done here i doubt we go much lower from here, but even if we do, i don't think it would be much lower than the lows we already put in i see so many people screaming about how bad sentiment is right now and how this means we're cooked for the foreseeable future and interestingly, this reminds me of how things started in October: we started pumping from day 1, and almost everything was pumping aggressively, which made many believe easy mode had started (myself included, btw!) only for crypto to witness the most brutal liquidation event in its history, resulting in october — historically the most bullish month — becoming the worst month of the year for crypto, all while stocks and other risk assets kept making new highs the inverse seems to be playing out right now: we started November nuking pretty hard and sentiment is in the gutter. it feels like we're getting max pain out first so that we can coast higher later in the month as for sentiment, you'd be surprised how quickly it can change once numbers start going up again USELESS in particular has experienced the worst of the past 48 hours: - 7 figures in DeFi liquidations - a single wallet sold off 7 figures, which resulted in price briefly wicking to $80m market cap on Raydium as shown in the attached screenshot. this was instantly gobbled up and price is now trading well above the levels of the sell-off. this is the kind of strength you want to see! - USELESS on-chain volume just hit multi-week highs and it continues to do more on-chain volume than every other major memecoin except $TRUMP - USELESS continues to do 8 figures in volume on Coinbase, with its volume more than doubling through the crash, which shows that the dip is being aggressively bought off - USELESS just made yet another holder ATH through the liquidation flush that happened over the last 24 hours, and it is one of the only established memecoins that did so - USELESS has gone on to do 100 - 200% rallies in the short term every time it has hit the $140m lows in the past - in addition, the recent nuke on USELESS is now starting to look like a double or triple bottom depending on what timeframe you look at IF that overnight BTC flush to $98k was the macro bottom for crypto, then USELESS right here is a generational entry