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This historical crash caused #BTC to drop 20K in price along with #Altcoins dividing by 3 and dividing by 5, but then quickly rebounded, proving that it was a deliberate action to Kill Long and seize the goods from the big players.
Although the spot is still down 20-30% compared to before the tragedy occurred, those who used leverage and margin have been wiped out. And the liquidation number reached a record close to 20B.
What I fear the most is the big whales eating the small whales, and when one or a few big players collapse, a domino effect will occur, like the FTX collapse which then dragged down Celsius, 3AC Capital, or Genesis Trading in 2022. I just hope this worst-case scenario doesn’t happen.
As for the beautiful scenario, it is that after such a clean kill, it will be to the moon.
Just like the recent historical crash, no one could predict it, you just accept at what level and wait.$BTC
{spot}(BTCUSDT)
Although the spot is still down 20-30% compared to before the tragedy occurred, those who used leverage and margin have been wiped out. And the liquidation number reached a record close to 20B.
What I fear the most is the big whales eating the small whales, and when one or a few big players collapse, a domino effect will occur, like the FTX collapse which then dragged down Celsius, 3AC Capital, or Genesis Trading in 2022. I just hope this worst-case scenario doesn’t happen.
As for the beautiful scenario, it is that after such a clean kill, it will be to the moon.
Just like the recent historical crash, no one could predict it, you just accept at what level and wait.$BTC
{spot}(BTCUSDT)
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