THE CRYPTO MARKET IS BLEEDING

More crypto has been liquidated in the past 24 hours than on any day in the past 3 years - around $1.1 billion 🔽

• Ethereum fell 9.7% in just 1 minute. This price action is only possible when one entity with massive leveraged longs is being liquidated. Someone blew up.

• Bitcoin has dropped down below $55K, with volatility absolutely insane, prices jumping up and down 5% every minute, major liquidations happening

- The markets are bleeding, and it feels like we're right in the middle of Black Monday. The SELL-offs are brutal, and the FEAR is real.

Causes

• Bond traders are betting that the US economy is on the verge of recession and the Fed will need to start easing monetary policy aggressively by cutting interest rates before their next scheduled meeting.

• Taiwan's stock market has suffered the worst losses since 1967.

• Indian stock market benchmark indices Nifty 50 and Sensex crashed more than 3%

•  Asian markets fell along with crypto. Japan's Nikkei Index just saw the largest 2-day drop since the "Black Monday" crash of 1987.

• The U.S. stock market is also down. Nasdaq 100 futures dumped more than 6% and S&P 500 contracts were down more than 3%. Futures of Dow Jones plunged over 1%.

• Robinhood halted trading on its platform due to very high volatility.

Tip :

I would suggest taking a chill and waiting this whole phase which i believe it is....to blow over.

#MarketDownturn