Yesterday, the crypto market experienced a significant downturn, with prices dropping by 20% to 50%. Many crypto long traders were liquidated within minutes. One trader lost $1,148,487 but managed to recoup 10% of that amount, totaling $1,79,574. Is it possible? Yes, it is. By following the steps outlined below, based on analysis of his strategy, it can be achieved.
YESTERDAY; He Lose $1M:
Yesterday, he leveraged between 5X and 10X on $PEPE & $BTC. Eventually, the prices of these assets dropped by 10% to 30%, leading him to lose all of his money due to the leverage.
Today; He Received $1,79,574:
He is a crypto influencer with 31.5k followers. After losing his $1 million, he is now crying in front of his followers, sharing his story of the loss. He had been in the crypto market since 2017 and was a millionaire before losing the $1 million. Now, he doesn't even have $1000 left to trade with, leaving him depressed. He reached out to his followers for help to get back into the market, and some of them donated money. He managed to collect $100,000.
Summary:
The recent downturn in the crypto market has led to significant losses for traders, with some experiencing liquidation and substantial financial setbacks. Even seasoned influencers and traders, once millionaires, are not immune to the market's volatility, as evidenced by one individual who lost $1 million. Despite reaching out to followers for support and managing to collect donations, the path to recovery remains challenging in the wake of such losses.
KARMA:
Karma in the crypto market context reflects the consequences of one's actions, such as taking risks or seeking support from the community. It embodies the idea that actions have repercussions, both positive and negative, within the market environment.
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$BTC $PEPE #Memecoins #bitcoinhalving #Trading #Karma #Influencer