-Copied Content From @Salid -
Why crypto market crashed? Why $STRK remain stable while whole market crashes?
Well, if you all read recent news, you know Bitcoin was all time high fee hours ago.
This was a critical point. Some people gave signal that BTC will go UP and hit 75k $ and some gave signal that BTC will go DOWN and reach 50k $. No wonders, both groups were either new traders or arrogant self proclaimed crypto expert who play with leverage at high volatile market.
So what happen is BTC went 69050$ and in some platform it went to 70k$+
As a result, the people who had SHORT (Sell) order either got STOP LOSS (SL) or got LIQUIDATED a.k.a lost all their money (non EU people) or lost 50% of their money (EU people).
Some of them, thought they was wrong, but it’s not too late. So they joined 2nd group of people. These people were riding rollercoaster and they had LONG (buy) order with max leverage. When BTC bypassed it’s all time high, they were dreaming and singing walking at the moon. Suddenly, rollercoaster crashes and either STOP LOSS (SL) got hit and over confident a.k.a “you don’t loose unless you sell” type of people got LIQUIDATED.
As they lost, they either pull out all money from other crypto currencies and boom 40% money out from the market.
But let’s come to STRK. There is not many people holding STRK. Basically, the developers are holding 67% on paper and total 90% in reality. So there was less impact on STRK. Even other coins like LUNA is same. So all the coins remain sable. So foolish crypto guru and new traders started to buy this shit coins.
You know, I run a asset management company. We have an AI called “SNIPER 2.0”. I predicted this 1 day ago, and sent 3 commands.
1. It called Digital Ocean API to increase resources of our cloud infrastructure to prepare for high volatile market.
2. For long term holders it increased SL and TP. For example, BTC SL was 58k and TP was 95k.
3. For short term holders it forced closed all leverage orders. And opened a test order of 5$ in each account for beta purposes.
