I love it. I'm actually up $40 right now, and picked up a ton of crypto. Love those panic crashes. Picked me up some coin and had all my orders more or less well aligned. HOPEFULLY I'll be able to grow my Hive holdings with these paper hands getting shredded as I carefully put in my orders. Of course, I could also get REKT very soon. Cuz that's how the market works.

These kinda movements are how the market moves and some of that momentum down is whales intentionally selling like this.

They don't care if they sell 10% lower than they planned if they also pick up a few million in the crash. They sell a ton, make lower buys, and use the liquid to position themselves in another market, or buy a house. Over all they almost always end out ahead as other panic at their huge movements.

It's actually a trading strategy when you have that kind of money. You wait for the right moment and move the market.

It's similar if they just need the cash too. They don't care if their overall average price is lower than the market, because they bought in far lower than that. In that case it's not intentionally moving the market, but just that their massive sale was greater than liquidity and they didn't wanna wait for a week or a month to get liquid.

I personally believe that a lot of it looks like botted trading. They intentionally put in sales lower and lower during times of low liquidity to hit lower buys of theirs. Maybe it costs $1 million, or even as low as $100k to move the market, but they likely end up picking up far more than that in crypto that they then use to do the same even higher.

Must be nice having so much liquid...