According to @nic__carter, the max pain scenario would involve roughly $20 billion in liquidations and a full retrace, signaling a downside outcome defined by large forced unwinds and a return to prior price levels if realized. Source: @nic__carter on X, Oct 13, 2025. The post does not specify assets, time frame, or data sources, limiting precision for trade sizing and risk parameters. Source: @nic__carter on X, Oct 13, 2025.