๐ Why did the crypto market crash? And why did $STRK stay stable while the whole market collapsed?
Well, if you've been following recent news, you'll know that Bitcoin hit an all-time high just hours ago. This was a crucial moment.
Some people signaled that BTC would skyrocket to $75k, while others predicted a drop to $50k. Predictably, both groups consisted of either new traders or overconfident self-proclaimed crypto experts playing with leverage in a highly volatile market.
So what happened? BTC surged to $69,050, and on some platforms, even hit $70k+. As a result, those who had short (sell) orders either hit their stop loss (SL) or were liquidated, losing all their money (non-EU) or 50% (EU). Some realized their mistake but joined the second group, riding the rollercoaster with long (buy) orders and max leverage. When BTC broke its all-time high, they were ecstatic, but then the rollercoaster crashed, hitting their SL or liquidating the overconfident ones.
As they lost, many withdrew their money from other cryptocurrencies, leading to a 40% decrease in the market. But let's talk about STRK. Not many people hold it; basically, developers hold 67% on paper and 90% in reality. So there was less impact on STRK, similar to coins like LUNA, keeping them stable. Foolish crypto gurus and new traders started buying these coins.
I run an asset management company with an AI called "SNIPER 2.0." I predicted this a day ago and issued three commands:
๐1. Increased resources on our cloud infrastructure via Digital Ocean API to prepare for the high volatility market.
๐2. Increased stop loss (SL) and take profit (TP) for long-term holders. For example, BTC SL was set at 58k and TP at 95k.
๐3. Closed all leverage orders for short-term holders and opened a $5 test order in each account for beta purposes to learn and improve in high-volatile markets.$SOL #DOGE $STRK #TrendingTopic
