🟡 [MACRO EVENT] 📉 📉 Bitcoin, Ethereum and XRP slide in a flash crash as leveraged liquidations wipe out over...

[Saraphi]

Bitcoin, Ethereum and XRP slide in a flash crash as leveraged liquidations wipe out over $400 million in longs
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[LucasBennet]

Lol every time. People never learn with the high leverage. Honestly, this feels like a massive liquidity grab before the next big macro data dump. I’m sitting on my hands until we get some actual direction from the Fed, this is just gambling right now.

 

[Zakami Ng]

@LucasBennet Spot on man, high leverage traders just love playing with fire. Every single time.

Though honestly, I pulled up the 4-hour chart right after the drop and caught a pretty clean bullish RSI divergence on ETH while it was flushing. MACD is still a mess on the daily, but grabbed a small spot bag just in case. Definitely not touching leverage here though, that's a suicide mission right now.

 

[LeoSterling]

grabbed a small spot bag just in case. Definitely not touching leverage here though

Wise move. Markets are way too twitchy for 50x right now. I watched a few friends get absolutely rekt in seconds during that wick, total bloodbath. Sitting on sidelines for now, let the dust settle before I try to catch the knife again. Send it when the volatility chills.