This wave of decline tonight is not a spontaneous behavior of the market, but because of an emergency.
As the political disputes in South Korea intensified, the president declared an emergency martial law and delivered a televised speech, announcing that he would purge the country's state forces.
Affected by the ban, the Upbit platform collapsed, Bitcoin had a serious premium, and fell directly to around 67,000, and Ripple was close to being cut in half.
The Koreans who opened contracts in this wave are probably thinking about what to do with their lives now?
Although it has little impact on us, the platforms we use are all large platforms with high rankings, and generally this situation will not occur, but this is the currency circle, and anything can happen.
This is also the reason why Thirteen has been asking everyone not to use high leverage.
Anything can happen in the currency circle. There are such emergencies in the bull market, and black swans are more frequent in the bear market.
The plunge of almost cutting in half, no matter how safe your forced liquidation position is, is basically exploded instantly.
By the way, it also brought down the entire currency circle, but now it has rebounded instantly. Thirteen has reminded everyone in the circle to buy the bottom at around 3550.
Now it seems to be a good choice.
This sudden incident only caused the cryptocurrency market to fluctuate for a while, indicating that the current position is relatively stable, and it is considered a fluctuation range, which is difficult to fall below or break through.
For investors who have not entered the market, entering the market when the market falls is a good choice.