Good evening to all my friends. I hope you all are doing well. I am having a unluckiest day. Everyday i try to spend more time in the crypto market so i can catch all the dips but today when market dumped, i was out of charts 🙂. Why? Because of office work. Luckily bought few coins little higher because of dump notifications. Thanks to kucoin for sending me dump notifications. I was waiting gor this dump from last 1 month and said in many post that dump will come but how? After making everyone bullish. People were opening long positions like there's no going back and today more than $500M wiped out in liquidation.
STX which i bought few days ago, dumped to monthly support which was around 1.2$ now back to 1.6$. Near dumped to 2.80$ now back to 3.6$. How crazy market this is, so many people were frustrated after watching the market pumping from last few months and they all took entry for long term in higher prices and now market nuked all of them. This is how crypto market work.
But!! Who caused this dump? Let me tell whenever market pumps crazy, there are so many big whales and market manipulators who want more money, they hire media so they can write anything about crypto market. First they posted that Bitcoin ETF approval is on the way and bitcoin can pump to 50k and this news pumped Bitcoin to 46k and later they posted that Bitcoin spot ETF won't approve till Q2 and bitcoin dumped to 40k within few minutes. This is how market makers work. That's it for today. Accumulate good altcoins and here's the latest update video of crytpo market. Thanks & have a good day!!
@abfarhan