Today the crypto market is in chaos, brothers 😭
BTC has directly plummeted, dropping below 78k, it was still holding at 81k yesterday, evaporating 111 billion dollars overnight, with over 410,000 people liquidated, amounting to over 2.5 billion... This weekend the liquidity is as thin as a ghost, and over in the Middle East, things are heating up again. Trump said he was in talks with Iran, but the market has directly treated it as a safe haven asset and dumped everything.
ETH is even worse, SOL and Dogecoin have dropped more than 10%, and meme coins are basically wiped out. Institutional funds seem to be a bit panicked this time, and the ETF is also starting to shake; the previous narrative of being a "hedge against inflation" seems to suddenly not be believed by anyone.
The key issue is the nomination of the new Federal Reserve Chairman, Warsh; everyone is afraid that he will come in and tighten the money supply directly. If the dollar strengthens, all risk assets will kneel. Gold and silver have collapsed, and crypto is even less likely to remain unscathed.
Those without cash on hand are probably already praying for no more waves; otherwise, they will really become the vegetable terminators 😂
How much did you guys lose this time? Or did you run early? Report your numbers in the comments, don't hide them.
(Don't go all in, don't chase highs, don't listen to calls; surviving is the only chance to turn things around.)
