$REEF down start 🌟 | Nayem256 on Binance Square

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$REEF down start 🌟

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$APE APE Contracts Liquidated Worth $10.89 Million In 24 Hours According to BlockBeats, data from Coinglass reveals that in the past 24 hours, APE contracts across the network experienced liquidations totaling $10.89 million. Of this amount, long positions accounted for $3.319 million, while short positions saw liquidations amounting to $7.5725 million.

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Yesterday I lost 725$ and became depressed. I was tensed all night. I didn't get up in the morning. I didn't go to work. I sat down and turned the losses into profit. Today, I made a profit of 895$

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The Power of Binance 🔥: Lessons from the $REEF Delisting Recently, Binance, the world’s largest cryptocurrency exchange, issued a delisting notice for $REEF, causing its value to plummet dramatically. Following the announcement, $REEF experienced a staggering 1500% drop in price, emphasizing the volatility associated with low-volume and low-value tokens. This extreme price reaction highlights the enormous influence that exchanges like Binance wield in the crypto market. A single delisting event can trigger massive sell-offs as panic sets in, particularly for tokens with low liquidity. Investors are often caught in a whirlwind of price crashes, reinforcing the need for proper research and risk management. Why Delisting Matters Delisting essentially removes a coin from an exchange's platform, preventing users from trading it there. Binance's delisting of $REEF sent a strong signal to the market that caused an immediate drop in value. This showcases the risks of trading in low-market-cap tokens, where price movements can be erratic and hard to predict. Key Takeaway: Always DYOR This case serves as a critical reminder: always Do Your Own Research (DYOR). Relying solely on market sentiment or trending coins can be risky. As crypto markets remain highly speculative, it's important to invest only in assets that have strong fundamentals and active communities. Low-volume coins, especially, are prone to manipulation and unexpected events like delistings. For traders and investors, focusing on higher liquidity coins with solid project foundations may provide more stability. While high-risk, low-volume tokens can offer big rewards, they also come with severe risks, as evidenced by the $REEF situation. Here's a look at the dramatic price drop of $REEF after Binance delisting announcement: In conclusion, when trading or investing in the crypto world, always ensure you're fully informed about the assets you engage with, especially those susceptible to delisting or other market shocks. It's a volatile space where even small actions can have outsized impacts.

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$REEF start comedown . $BNB $BTC 00087

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