i dont have any balance in futures .this trade automatically started. what to do now?. will it also wash my spot balance or what will happen? #BitwiseBitcoinETF
What is “Market Pullback” or “Market Correction”? Let me explain in the simplest way.
Imagine you’re selling potatoes 🥔 in your town. Every day, the price is normal, and business runs smoothly.
One day, someone starts spreading a big rumor: “There’s going to be a French Fries Festival 🍟 where people can win prizes for making the best fries!”
Hearing this, everyone rushes to buy potatoes. Prices go up because there’s more demand and fewer potatoes available.
Market Correction
Some greedy businessmen buy most of the potatoes, creating an artificial shortage to sell them at much higher prices. Let’s call them the Potato Syndicate. Prices increase by 60%.
But soon, the government investigates and announces there are enough potatoes for everyone. People calm down, and prices drop by 10%. This is called a market correction—prices adjusting after an overreaction.
Market Pullback
Now, sellers from nearby towns hear about the high prices and bring in more potatoes to sell. With more potatoes in the market, prices drop again, this time by 25%. This is a market pullback—a temporary drop because of new competition or supply.
Market Crash
Suddenly, the government decides to import tons of cheap potatoes from China. People panic and stop buying the expensive potatoes. The price drops by 50%. This is a market crash—a sudden, big drop caused by unexpected bad news.
Market Scam
Finally, someone discovers the truth: There’s no French Fries Festival. It was all a lie by the Potato Syndicate to raise prices and make money. When the news spreads, prices collapse to almost nothing. This is a market scam—when the market is manipulated and people lose trust.
Now, look at the current market situation. Is it just a correction, a pullback, or a crash? Or could there be something bigger, like a scam?
After 7 consecutive green weekly candles, even if this week ends with a slight red, it’s no big deal. People are panicking unnecessarily, acting like crypto is doomed. Relax, corrections are part of the game!$BTC $BTC #BTCNextMove
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Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $5,000 in USDC token rewards and earn Binance Points.
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks: 1. Check in to Binance Square daily.* 2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair. 3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).
Notes: Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid. Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub. Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.