Last night, the cryptocurrency world was really blown up! You read that right, South Korea suddenly ushered in a wave of "hot search" style plunges! Just yesterday, the South Korean president announced martial law, and then the exchange Upbit had a direct accident! Bitcoin and altcoins once crashed to below $72,000! I was looking at the market at the time, and I was stunned. It was a pin-point plunge that I had never seen before, which shocked the entire market! 💥
Upbit unplugs its internet cable, the dark secrets behind the sharp drop
What’s even more outrageous is that Upbit directly “unplugged the network cable” and stopped trading! This wave of operations really makes people’s minds blank. The platform can actually “shut down” directly and ignore the safety of investors’ funds. This sudden market operation can’t help but give me a new understanding of the so-called “wild chicken platform”. Is it a technical failure or a dark operation behind the scenes? Many people began to wonder whether there are some untold secrets hidden behind this.
What does this crash mean?
Political factors behind the plunge: The South Korean president’s announcement of martial law seems to have caused considerable shock to the market. If the policy continues to be tight, crypto assets in the South Korean market will face greater pressure.
Upbit's "unplugging" operation: This sudden suspension of trading reminds us that the safety of funds can never be guaranteed on an opaque exchange. Be careful when choosing a platform! 💡
Opportunities to buy: Although the "flash crash" in the Korean market caused heavy losses to investors, it also brought huge profits to the visionary "brick movers"! Now, the price of Bitcoin in South Korea is as low as more than 70,000 US dollars, which is a good time to buy! What are you waiting for?
How to take advantage of this plunge to gain profits?
Cross-border arbitrage: Take advantage of the low price of Bitcoin in the Korean market and arbitrage the price difference with other countries, especially the current price below $70,000, which is much cheaper than the US and European markets. 📉
Choose a stable trading platform: Although the crash makes everyone panic, you can choose a more stable and reliable platform, such as Binance, Coinbase, etc., to avoid being affected by the "thunder" platform.
Stay alert and avoid risks: Don't blindly follow the trend. In this turbulent market, it is most important to ensure the safety of your funds. The "plunge market" at the cusp of the storm is often accompanied by greater risks and opportunities. Only rational investment can obtain more stable returns!
Summarize:
Although the plunge in the Korean cryptocurrency market last night brought considerable shocks, it also brought new opportunities to smart investors. In the context of global market turmoil, it is wise to choose the right trading platform and pay close attention to policy changes. To make real wealth, understanding market trends and risk control are the kingly way. 🚀$BTC
