Glassnode

WHAT HAPPENED TODAY IS A ONCE-IN-A-DECADE THING 🚨 Everything was going well until the US market opened. $BTC started to dump first, and then everything went downhill. In the next hour: Gold dumped 8% and erased $3.1 trillion. Silver dumped 12% and erased $700 billion. S&P 500 dumped 1.3% and erased $800 billion. Crypto market cap erased $110 billion. In a span of one hour, over $5 trillion was wiped out from these assets. This is equivalent to the GDP of Russia and Canada combined. But what triggered this? For gold and silver, leverage was the biggest trigger. Retail FOMOed at the top, and they got wiped out in an hour. For crypto and stocks, US-Iran escalation was the trigger. USS Abraham Lincoln has gone dark, which signals possible preparation for action against Iran. Overall, today’s event is something that will be remembered for a long time. $XAG $XAU #USIranStandoff #ZAMAPreTGESale #WhoIsNextFedChair