Bitcoin Whipsaws at $75K: $900M in Leverage Wiped Out | Bitcoin Volatility, Liquidations & Market Risk | Nov. 5, 2026
Shownotes
Fred Krueger joins Loren Hodl to argue the agentic AI economy will settle in Bitcoin rather than stablecoins, because an autonomous agent cannot hold money a human can freeze, and he lays out the Lightning rails that let machines pay each other today. Darkside opens with the two-way wipeout, about $400 million of shorts and $500 million of longs liquidated, and calls it the 1974 gold futures playbook running on Bitcoin, then warns that Strategy's STRC preferred shares are being paid by bashing the common stock. A precious metals miner who has chased the debasement trade for two decades pushes back with the 82 percent of world trade still settled in dollars, and the room closes on custody and inheritance, from Binance's hot wallets to two-of-three multisig with one key in a bank vault.
Loren and Terence host Bitcoin Today live on X, weekdays at 8:30 AM PT.
YouTube: https://youtube.com/@lorenhodl
X: @lorenhodl @ProofOfMoney @dotkrueger
Chapters:
0:00:00.00 Opening: cold up in Chico
0:02:59.78 Daniel asks why Bitcoin whipsawed
0:03:20.90 Post-midterm volatility was called
0:05:18.34 Terence and the bad shoulder
0:07:35.42 Hedgers do not get liquidated
0:08:18.28 The 1974 Fed plan to break gold
0:09:59.04 Futures had to come before ETFs
0:11:04.36 Self-custody breaks the playbook
0:11:24.22 China built a computer with no US chips
0:11:52.90 It smells like 1999 again
0:13:18.80 The Jeff Booth interview to watch
0:14:04.66 Inflation is the rate of theft
0:16:05.00 Democracy, bought with printed money
0:17:01.80 Puncher: the real rate of theft
0:17:56.34 One McDonald's run now costs $25
0:18:22.24 MSTR, STRC and IBIT feed the trap
0:19:24.24 BIP-110 was a monetary attack
0:21:18.96 Medium of exchange or fail like gold
0:23:51.36 $100 buys a fifth of the groceries
0:24:09.88 They want to break it, not fix it
0:27:34.38 The under-40 vote is gone
0:29:00.36 Every incumbent should step aside
0:30:13.94 Texas boomed and Abbott still lost
0:31:05.60 Voters believed the property tax lie
0:33:02.36 Time for boomers to feather out
0:33:23.36 Fred: the Republican Party is toast
0:34:52.12 The agentic economy doubles yearly
0:36:04.84 AI picks Bitcoin over stablecoins
0:37:06.16 Medium of exchange within five years
0:38:06.50 Pay me in Bitcoin, via Lightning
0:41:34.34 From agents to autonomous AI
0:43:26.96 Multipolar or unipolar AI world?
0:46:32.12 Only Bitcoin survives the transition
0:48:03.90 AI bids Bitcoin 10x, 20x, 100x
0:49:00.64 Kelly: young conservatives swung it
0:51:12.50 Booth vs Carlasare debate is set
0:53:18.68 The Bitcoin case only got stronger
0:56:10.44 The right's future is far right
0:58:38.47 Democracy became loot the treasury
1:00:46.20 Bought with money politicians print
1:02:05.78 Moment of silence for the STRC peg
1:04:00.76 Derivatives are Darkside's domain
1:05:20.90 Bashing common stock for preferred
1:06:16.32 Pete: stop praising Binance
1:07:59.48 Oversight chair targets Binance, CZ
1:10:49.08 The big banks do the same thing
1:14:00.34 Michael defends Binance
1:15:00.00 Exchanges are just banks for crypto
1:19:41.38 A miner on the debasement trade
1:20:35.02 82% of world trade settles in dollars
1:22:34.14 If the dollar collapsed tomorrow
1:25:04.94 Iran and Russia survived SWIFT cutoff
1:27:33.58 Collapse looks like the Turkish lira
1:28:27.70 Bank holiday means a tether wallet
1:31:35.26 Copper stuck from Congo to China
1:34:31.58 The dollar is the cleanest dirty shirt
1:35:36.52 Mando: custody meets inheritance
1:37:39.16 Never type a seed phrase into ChatGPT
1:39:19.52 Binance dumps its listing tokens
1:42:38.18 Collaborative custody, explained
1:43:56.06 Two of three: one key in a vault
1:45:52.80 You bought a car, not a boat
1:49:02.64 Bitcoin drops to $75,000 live
1:50:43.80 Around the horn: closing thoughts
1:52:29.84 Bitcoin wins without a dollar collapse
1:58:15.08 Flood lighting: watch what they do
1:59:49.80 Play us out