After analyzing the situation last night, on-chain data shows that last night's sale was an unusual one! The first two reasons are that GME, the king of Wall Street gas station stocks in the meme world, plummeted more than 50% in one day and retail investors collectively went to zero.
On Friday, WSB led the direct sale of GME stock, but was assassinated by GME management when it released its pre-financial report on the same day, causing the stock to lose more than $30 million in the first quarter. fairy. under pressure. Then GME announced that they would sell another 75 million. This announcement directly buried all the owners of WSB alive, and the deeply involved cryptocurrency circle was also affected, with various meme coins dropping 20%.
The second reason is that on-chain data analysis shows signs of exchanges collaborating to disrupt the market. This bull market is different from the past. We face more than just the scythes of bankers, predators and hedge funds. Beware of cooperative exchanges disrupting the market during times of insufficient liquidity. Trading Risk! So we are reminded of the risks of taking precautions, follow and follow the instructions, take short-term profits and put protective visors on your positions to prevent the Sneak attack! However, the general direction is still up. This situation is also to clean up the leverage. Everyone must learn how to protect their positions, manage them well, allocate capital well, and learn how to leave short positions for themselves to exit!