Pseudonymous millionaire crypto trader Unipcs has taken a $15 million hit in what he called the most "brutal" liquidation in crypto history.
What Happened: Unipcs reported roughly $15 million wiped out just before liquidation as his positions in Bonk BONK/USD, Fartcoin FARTCOIN/USD got wiped out.
His spot holdings remained largely intact, Unipcs said, explaining that while Bitcoin BTC/USD and Ethereum ETH/USD fell roughly 13%, altcoins and meme coins plummeted 70%–99% within minutes.
The crash was largely confined to centralized exchanges, pointing to liquidity or market-maker issues rather than a systemic market collapse.
Also Read: Bitcoin Roars To $114,000, Ethereum, XRP, Dogecoin Rebound From $20 Billion Liquidation Catastrophe
Exchange systems failed, stop-losses didn't trigger, and margin additions were impossible, creating a cascade of unprecedented speed and severity.
Unipcs concluded that he will revamp his frameworks, reducing leverage, strengthening risk protocols, and safeguarding positions from exchange-side failures.
Despite the massive loss, he remains bullish on the market, confident in a potential Q4 rally, and emphasized that losses can be recovered, with the cycle still offering enormous profit potential.
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