Can go up in a series and down in a series like a programmed BOT. Is this market safe for investors or a disguised casino??? There is absolutely no legal basis for the issue of price manipulation.
TMgangZ
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The shocking Bitcoin price drop last night: Reasons from two perspectives
1. The dissatisfied perspective of the "players" and myself: The drop is to "slap" those who are greedy for quick wealth, playing with leverage while thinking the market will keep rising. Just like the saying goes, "pulling the wood from the bottom of the oven," brothers using margin have wiped out their accounts; some may have lost both house and car. This could also be a tactic to "send a warning," forcing a sell-off to ease the market's burden. In general, prices may drop further, but if you've already lost profits, just hold on tight for the ride.
2. The legitimizing perspective to comfort traders and holders: In the past 24 hours, the crypto market has been on fire: Bitcoin (BTC) and Ethereum (ETH) have dropped by 2-4%, with many altcoins like Solana and Polygon losing up to 8%. The cause is attributed to geopolitical instability, specifically the announcement of martial law in South Korea. As a major market in crypto, the investors' panic has led to a strong wave of sell-offs, especially on Upbit and Bithumb.
In summary: Brothers should stay alert to protect their capital. I've said it many times, no one can predict next week's prices just by drawing charts. KOLS always analyze as if they "know in advance," but the reality is it's just wild guessing. This market is not for the greedy or the impatient.
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