$BTC is still dragging around at 63,500. These little coins have already collapsed into scrap.
PHB is down 69%, with volume at 1.5M. The data is way too fake. Dropping 70% within a day isn’t market behavior—it means the project team or some big holders are bailing out. The price goes straight to 0.015. Buying in at this point is basically handing money to someone else.
NFP is even more ridiculous: down 66%, and volume at 3.8M—the highest among these. That shows there are people taking the other side while others are exiting. This kind of crash paired with high volume isn’t a shakeout; it’s distribution (selling/offloading).
Can you chase it? Absolutely not.
These small caps don’t have liquidity support. When they collapse, there’s no floor. Thinking it’s a dip to buy is actually getting hit by thrown knives. BTC is only down 0.78%, which is a normal pullback, but these coins drop 50% to 70%—either the project itself has problems or the market maker is harvesting.
Don’t touch them.
In this kind of market, either the project team is dumping, or a chain of liquidation explosions in futures is causing panic selling. Either way, it’s not something retail traders can play.
If you’ve got the nerve, do you not care if your position drops to zero?
#Write2Earn #Crypto
⚠️ Personal views only; not investment advice.
PHB is down 69%, with volume at 1.5M. The data is way too fake. Dropping 70% within a day isn’t market behavior—it means the project team or some big holders are bailing out. The price goes straight to 0.015. Buying in at this point is basically handing money to someone else.
NFP is even more ridiculous: down 66%, and volume at 3.8M—the highest among these. That shows there are people taking the other side while others are exiting. This kind of crash paired with high volume isn’t a shakeout; it’s distribution (selling/offloading).
Can you chase it? Absolutely not.
These small caps don’t have liquidity support. When they collapse, there’s no floor. Thinking it’s a dip to buy is actually getting hit by thrown knives. BTC is only down 0.78%, which is a normal pullback, but these coins drop 50% to 70%—either the project itself has problems or the market maker is harvesting.
Don’t touch them.
In this kind of market, either the project team is dumping, or a chain of liquidation explosions in futures is causing panic selling. Either way, it’s not something retail traders can play.
If you’ve got the nerve, do you not care if your position drops to zero?
#Write2Earn #Crypto
⚠️ Personal views only; not investment advice.