20b $ liquidated, be careful.

[OmegaStarScream]

Just thought I'd post a warning here. With over 20 billion dollars liquidated in the past 24 hours (insane, even compared to FTX and COVID numbers) I would imagine that a lot of "influencers" has suffered massive losses, and I would not be surprised to see them try to sell "the next big thing" to their followers, even if it means rugging them so be extra careful.

[Hatchy]

Trump, dump. It's no wonder they sound familiar. I wish the whole tariff madness will be over soon, It's messing up the financial market alot..

[hopenotlate]

Seems like it's a good moment to do some shopping for the traders who had most of their holdings in stablecoins : like after covid crash , even if this crash has been 10 times biggers in terms of amounts liquidated, it could be a good moment to enter but who knows. Is it a falling knife? I think markets were just waiting for a reason to take profit and exit their positions and Trump gave that reason; but he is getting us used to saying one thing and then doing the opposite or in any case scaling down his actions compared to his initial declarations .

Anyway completely agree with you : this is a moment where we have to be very careful.

[WatChe]

Seems like it's a good moment to do some shopping for the traders who had most of their holdings in stablecoins : like after covid crash , even if this crash has been 10 times biggers in terms of amounts liquidated, it could be a good moment to enter but who knows. Is it a falling knife? I think markets were just waiting for a reason to take profit and exit their positions and Trump gave that reason; but he is getting us used to saying one thing and then doing the opposite or in any case scaling down his actions compared to his initial declarations .

Anyway completely agree with you : this is a moment where we have to be very careful.

Those who have spent time with Bitcoin can easily say that it's not the first time Bitcoin is falling so sharply. We saw similar decline in price when Tesla/Musk announced that they won't accept Bitcoin as payment method because of environment concerns. In last US-China tariff stand-off, we also saw Bitcoin going down. These past incidents tells us that Bitcoin always recovers its lost price in the long run and it's also important for us as Bitcoin investor to hold our nerves and Bitcoins at such crucial moments.

Bitcoin won't go anywhere, only your money will. Take good care of your money.

[Mahiyammahi]

Just thought I'd post a warning here. With over 20 billion dollars liquidated in the past 24 hours (insane, even compared to FTX and COVID numbers) I would imagine that a lot of "influencers" has suffered massive losses, and I would not be surprised to see them try to sell "the next big thing" to their followers, even if it means rugging them so be extra careful.

The shocking part was , in midnight (my timeline) Binance was total shutdown when the candle wick has been dropeed hard. Almost 90% traders has been liquidated.

 imagine decades of savings just washed away in a few minutes. It's the biggest dump in history ever maded . I feel sorry for this guy truly. I hope everyone is safe whoever watching this post of mine. BTC was already in dip at the $120k level but from that position emut droped below $110k , even flash drop don't goes this lower. I've never seen something like this so horrible

[nelson4lov]

We are about to see more cases of grifting in crypto for the next few months. I also think that memes will come back again because most whales liquidity yesterday will try to paint a scenerio that memes are back in a bid to lure on suspecting retail users into a dream amd then use them as exit liquidity to recoup losses from yesterday's liquidation.

It's time to be more defensive and protective of remaining capital.

[passwordnow]

Just thought I'd post a warning here. With over 20 billion dollars liquidated in the past 24 hours (insane, even compared to FTX and COVID numbers) I would imagine that a lot of "influencers" has suffered massive losses, and I would not be surprised to see them try to sell "the next big thing" to their followers, even if it means rugging them so be extra careful.

Exactly, also be careful with the exchanges. They might become insolvent with sudden plummets like this recently. So, those who got funds in exchanges, it's the best time to pull them out and don't put the trust and confidence with them even if they say that "funds are safu". This applies to all exchanges, we've seen it all from the former exchanges that have been into debacles.

[Hispo]

Just thought I'd post a warning here. With over 20 billion dollars liquidated in the past 24 hours (insane, even compared to FTX and COVID numbers) I would imagine that a lot of "influencers" has suffered massive losses, and I would not be surprised to see them try to sell "the next big thing" to their followers, even if it means rugging them so be extra careful.

Exactly, also be careful with the exchanges. They might become insolvent with sudden plummets like this recently. So, those who got funds in exchanges, it's the best time to pull them out and don't put the trust and confidence with them even if they say that "funds are safu". This applies to all exchanges, we've seen it all from the former exchanges that have been into debacles.

Not gonna lie, I have got some money on Binance and I have always trusted they will remain solvent in the long term, because they seem too big to fail at this point. But your message is true, one should never blindly trust the solvency of one's preferred exchange, since we have already seen so many instances of exchanges going south andnit being able to return what is owed to their costumers.

I don't know whether Binance had some leveraged position on the market right before this recent bloodbath on the markets (they would never disclose such thing to costumers), but I am seriously considering to withdraw all off centralized services.

[Taskford]

Just thought I'd post a warning here. With over 20 billion dollars liquidated in the past 24 hours (insane, even compared to FTX and COVID numbers) I would imagine that a lot of "influencers" has suffered massive losses, and I would not be surprised to see them try to sell "the next big thing" to their followers, even if it means rugging them so be extra careful.

There's really a good chance that these people would try to bounce back and people need to be more careful dealing on what next action done by this influencers since maybe some of them would attempt or try to promote a scam tokens to them.

If I where to those users who follow those influencers doing that actions I will immediately unfollow them especially if I start to sense that they are doing some strange stuffs.

Also I rather focus to buy Bitcoin at the moment rather than buying those shitcoin recommended by those influencers or famous individuals in this space.