CRYPTO MARKET DISAPPEARS $70 BILLION IN HOURS TODAY - WHAT'S NEXT?


Know one thing:
crypto traders never appreciate leverage until the market punches them in the face.
This weekend is another reminder.
Around $70 billion vanished from the crypto market within hours as the total market capitalization dropped back to the $2.6 trillion zone. Bitcoin lost the $80,000 level, ETH took a hit, altcoins bled even more severely, and suddenly everyone on CT started acting surprised as if this was an unexpected black swan.
However, the setup was already there.
The market was overheated, leverage was too high, and traders once again treated geopolitical risk as if it didn't exist.
That combination is deadly.
BTC-0.05%
ETH0.31%
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