$BIRB $FOGO
💥It exploded! Indonesia's stock market experienced an epic circuit breaker, ringing alarm bells in the crypto world! How is your account doing?
Just now, Indonesia's stock market (the largest market in Southeast Asia) suddenly collapsed during trading, like a kite with a broken string, directly falling into a circuit breaker, suspending trading! Everyone trading stocks and cryptocurrencies around the world was stunned, this black swan came too suddenly.
To put it simply, it was scared by a piece of 'political rumor.' Once the news broke, funds fled desperately, and the index dropped over 5% in just a few minutes. The exchange had no choice but to cut the network connection to calm everyone down. Even though the authorities immediately came out to say 'it's false,' the panic had already spread — this scene is too familiar for us in the crypto world! Doesn't it feel like late-night WeChat groups or Twitter suddenly spreading negative news (FUD), causing the price to plummet, with leverage getting liquidated one after another?
This incident serves as a wake-up call for us:
1. News can really be deadly. In the crypto world, a single screenshot or a chat record can collapse the market. Don't jump to conclusions; first, clarify the truth.
2. If one runs, everyone runs, and they all perish. Whether it's stocks or cryptocurrencies, when everyone wants to sell at the same time, even the best assets will be smashed. Those playing with high leverage need to be particularly careful; when $ETH is volatile, it may disappear in an instant.
3. No one can escape. The global market is now interconnected; when emerging markets have problems, risk assets like Bitcoin and Ethereum often shake along with it. The crypto world is not a paradise.
Trading has resumed, but everyone's confidence has been shaken, and it will take time to rebuild.
What do you think, is this kind of event a risk or an opportunity for our cryptocurrency? In the second half of the year, what hidden dangers do you think remain?
Come to the comments section and share your thoughts!