Recent Market Activity: 🚨🚨🚨
In the past 24 hours, a lot of #traders (193,241) have liquidated due to sudden price changes, totaling $482.96 million in losses.
⚠️ Caution: Large Trader Manipulation
Be very careful in the market right now! Big traders, also known as "whales," are using tricks to make money, which can cause small traders to lose money. Here are some of the tactics they use:
📈 Pump and Dump:
Whales push prices up to attract buyers, then sell off quickly, causing prices to crash.
💼 Spoofing:
They place big orders to fake a market direction, then cancel those orders before they go through.
🔄 Wash Trading:
Whales trade with themselves to make it look like there's more activity than there really is.
Note- Stay alert and informed to protect yourself in these tricky market conditions!