The Milk Road Show Why Bitcoin Keeps Imploding on Small Moves w/ Scott Melker
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Jan 21, 2026 
Scott Melker, aka 'The Wolf of All Streets,' is a notable crypto trader and analyst. He dives into why small price shifts in Bitcoin are causing massive liquidations, revealing how excess leverage is a lurking danger. Scott discusses Japan's bond market and its ripple effects on global trading, as well as the precarious nature of current geopolitical uncertainty. With a focus on risk management failures and regulatory challenges, he also critiques the reckless trading habits fueling volatility in the crypto space.
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Small Moves, Massive Liquidations
- Bitcoin liquidations are huge despite low volatility and small price moves.
- Scott Melker says abundant leverage causes billion-dollar wipes on 2–3% moves.
October 10 Market Breaker Memory
- Melker recalls October 10th when exchanges' market-maker deleveraging broke markets.
- He compares that $19.2B event to recent billion-dollar liquidations to show scale and recurring risk.
Protect Leveraged Trades With Stops
- Use stop losses on leveraged positions to avoid full liquidations.
- Scott Melker warns stops can save ~20–25% versus getting liquidated on exchanges.