Just like I said a month ago about this entire scenario....
BTCUSDT
Perp
87,991.1
-2.34%
ETHUSDT
Perp
3,063.95
-1.51%
Who else got liquidated today because of shit candles. The shitiest of all of them on $ETH dumping to 2125 after $BTC only made a 10% drop to 92k. Hilarious how much Whales can manipulate a market so flawlessly but we still don't understand that they always win in this shit show.
Today's fun fact for you is that just 2 guys who settled a lawsuit from Facebook back in 2011 bought 0.21% of all Bitcoin, which is about 100k BTC and hoarded it. People will never realize how shitty and unregulated such a model is for any financial market let alone the second largest financial market in the world. They will tell you "Oh, its just a correction" , "Add more margin and dont FOMO", "Buy the dip, we make money when whales sell" all bullshit statements with no merit designed to capitalize on peoples emotions and trust for crypto.
Look of course the current market will recover back to 100k and beyond. It's the question of whether people still think an unregulated crypto environment should still be the answer to a large scale financial trading where people regularly invest their life savings only to lose everything. Large scale banks and corporations push for crypto deregulation they sell crypto and push the market when it opts for regulation only because it benefits them and they can't continue to manipulate the market anymore, but as it stands they can still keep getting away with doing this shit
And by the way if anyone says that I got liquidated because I was using high leverage, low margin, I am inexperienced or should do spot trading instead. I was using 5X leverage or 100$ margin on a single position on $ETH and I have more than 5 years of experience trading on Binance because as long as these conditions remain nobody can ever avoid losing money even the most experienced traders. As for doing spot trades they have a high risk low return unless you have $100k in margin you can't get any returns from spot and you can only go long on spot and have to have a major price movement only to recover the money you put in the trade.
{future}(ETHUSDT)
Today's fun fact for you is that just 2 guys who settled a lawsuit from Facebook back in 2011 bought 0.21% of all Bitcoin, which is about 100k BTC and hoarded it. People will never realize how shitty and unregulated such a model is for any financial market let alone the second largest financial market in the world. They will tell you "Oh, its just a correction" , "Add more margin and dont FOMO", "Buy the dip, we make money when whales sell" all bullshit statements with no merit designed to capitalize on peoples emotions and trust for crypto.
Look of course the current market will recover back to 100k and beyond. It's the question of whether people still think an unregulated crypto environment should still be the answer to a large scale financial trading where people regularly invest their life savings only to lose everything. Large scale banks and corporations push for crypto deregulation they sell crypto and push the market when it opts for regulation only because it benefits them and they can't continue to manipulate the market anymore, but as it stands they can still keep getting away with doing this shit
And by the way if anyone says that I got liquidated because I was using high leverage, low margin, I am inexperienced or should do spot trading instead. I was using 5X leverage or 100$ margin on a single position on $ETH and I have more than 5 years of experience trading on Binance because as long as these conditions remain nobody can ever avoid losing money even the most experienced traders. As for doing spot trades they have a high risk low return unless you have $100k in margin you can't get any returns from spot and you can only go long on spot and have to have a major price movement only to recover the money you put in the trade.
{future}(ETHUSDT)
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