⚠️THIS IS THE REASON CRYPTO MARKET IS DUMPING HARD 🚨
just now, $BTC dropped below $81K while $ETH reached almost $2,500.
this led to almost $380 MILLION in long liquidations within 30 minutes.
the biggest trigger of this dump was the Insider Bitcoin whale.
this is the same whale who made $200 MILLION by shorting before the October 10th crash.
in the past month, the whale built over $700 MILLION in long positions.
today, he started to close the positions during a low-liquidity weekend.
within 10 minutes, the whale closed over $65 million in ETH long positions.
this triggered algos to close other long positions of those who were following this whale.
and the liquidation cascade started.
now the biggest question is:
does this whale know something, or is he dumping to buy back cheaper soon?... #USGovShutdown #CryptoShutdown #USPPIJump #MarketCorrection #CryptoBears
