Recent Market Activity: 🚨🚨🚨
In the past 24 hours, numerous traders (193,241) have faced liquidations due to abrupt price fluctuations, resulting in a total loss of $482.96 million.
⚠️ Caution: Large Trader Manipulation
Exercise extreme caution in the market right now! Large traders, often referred to as "whales," are employing tactics that can cause smaller traders to incur losses. Some of their methods include:
📈 Pump and Dump:
Whales inflate prices to attract buyers, then quickly sell off, causing prices to plummet.
💼 Spoofing:
They place large orders to create a false impression of market direction, then cancel those orders before execution.
🔄 Wash Trading:
Whales trade with themselves to create the illusion of higher market activity.
Note: Stay vigilant and informed to safeguard yourself in these volatile market conditions!
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