🔥 Why did the stocks of the crypto company linked to Eric Trump crash — and what does it mean for the market

Yesterday, the stocks of American Bitcoin Corp. (ABTC) plummeted by more than 50% in half an hour.

And it’s not because of Bitcoin — the reason is much simpler and harsher.

The company’s lock-up period ended — investors who entered earlier were finally allowed to sell their shares.

And they started selling everything at once.

Volumes skyrocketed and the market simply couldn’t withstand the pressure — a flash crash occurred.

This is a good example of how the stocks of “crypto companies” operate by their own rules:

sometimes they can get crushed even in a normal market.

📌 What’s important for us:

Such a collapse creates nervousness around the entire mining sector.

But that doesn’t mean that crypto is weak right now — this is specifically a corporate story, not a drop in BTC.$BTC #BinanceBlockchainWeek