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CRYPTO INVESTOR LOSES $1 MILLION IN PEPE MEMECOIN CRASH 💥💰 April 12 brought disappointment to the crypto market as Bitcoin (BTC) plummeted to the $65,000 range, marking an 8.5% decline. This downturn also impacted altcoins, with many experiencing nearly a 20% drop in the past day. With altcoins already on a downward trajectory, yesterday's decline was the final blow. Liquidations totaling nearly $1 billion occurred, affecting around 300,000 traders who received liquidation notices. One user, known as Crypto Nerd, shared devastating news of losing all his savings due to the recent crash. The trader expressed disappointment specifically with the PEPE transaction. Crypto Nerd, active in the crypto market since 2017, revealed in a post on X that he lost over $1 million in assets during the recent decline. His tweet, garnering 3.7 million views, quickly gained traction on social media. The trader recounted waking up to discover his liquidation and the explosion of his transactions, particularly a long position on PEPE with 3x leverage, leading to significant losses. Despite having less than $1,000 in his bank account, the trader had amassed assets totaling $1 million on the Binance exchange. However, with the crash of the PEPE transaction, all the assets accumulated since 2017 vanished. Expressing feelings of despair and regret, the trader remarked, "I have no reason to live." Many crypto investors reached out with messages of support to the trader during this difficult time. 👉 Lesson: Be careful with meme coins. It's not all sunshine and rainbows. Stay updated with Professor Mende so this doesn't happen to you! #BTC  #ETH  #PEPE #safu #bullrun
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🚨📉 BITCOIN CASH GIVES WARNING SIGNAL AHEAD OF BTC HALVING EVENT! 🚨💥 As Bitcoin's fourth mining reward halving approaches in just eight days, the cryptocurrency market is on edge. Historically, such events have heralded bullish periods for Bitcoin, but its offshoot, #Bitcoin Cash (BCH), is painting a cautionary picture, urging traders to temper their expectations for an immediate price surge post-halving. The rally in #BCH triggered by its parent blockchain's halving of per-block coin emission to 3.125 BCH on April 4, quickly lost steam as prices retreated by 15% to $604. Adding to the concern, notional open interest in BCH perpetual futures has plummeted by a staggering 70% to $376 #million in just seven days, with funding rates turning negative, indicating a shift in sentiment towards bearishness. Algorithmic trading firm #Wintermute suggests that BCH's recent activity may foreshadow potential selling pressure for BTC post-halving. Analysts have long cautioned about a "sell the news" scenario for BTC, with JPMorgan anticipating a pullback to $42,000 once the halving hype fades. Despite BTC's current price of $70,700, representing a substantial 67% year-to-date gain, concerns linger about post-halving miner sales potentially dampening bullish momentum. Markus Thielen, founder of 10X Research, estimates that miners could liquidate $5 billion worth of BTC after the halving, potentially leading to a sideways market for several months. Will the bitcoin price skyrocket or crash after the halving event? 👇 Drop your opinion in the comments
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