Just took a look at the data—there’s something going on.
$BTC is down about 2% today, and the major coins are still relatively stable, but the smaller coin market is already a bloody mess.
NFP is down 66% in a single day, with volume at 3.8M. Paired with this kind of drop, it’s the classic playbook of big players dumping and running. PHB is even worse: down 69%, with only 1.5M in volume—yet it manages to drop this much. Either the project team is doing something shady, or a few large whales teamed up to harvest.
This magnitude isn’t something retail panic can cause. Retail doesn’t have this kind of coordination.
My take: don’t try to bottom-fish, and don’t dream.
The liquidity on these coins is unbelievably bad—there’s no bid support. If it can drop 70% today, it can be sliced in half again tomorrow. In a bull market, just listen to those “small coins get rich fast” stories for fun; putting real money in is basically handing people your cash.
I’m watching whether $BTC can hold 78,000. If it breaks that level, it may drag down a whole bunch more. In this kind of market, cash is king—whoever has bullets in hand is the boss.
Do you guys hold any of these buried coins? Drop a comment and let me see how bad it is.
#Write2Earn #Crypto
⚠️ Personal opinion only, not investment advice.
$BTC is down about 2% today, and the major coins are still relatively stable, but the smaller coin market is already a bloody mess.
NFP is down 66% in a single day, with volume at 3.8M. Paired with this kind of drop, it’s the classic playbook of big players dumping and running. PHB is even worse: down 69%, with only 1.5M in volume—yet it manages to drop this much. Either the project team is doing something shady, or a few large whales teamed up to harvest.
This magnitude isn’t something retail panic can cause. Retail doesn’t have this kind of coordination.
My take: don’t try to bottom-fish, and don’t dream.
The liquidity on these coins is unbelievably bad—there’s no bid support. If it can drop 70% today, it can be sliced in half again tomorrow. In a bull market, just listen to those “small coins get rich fast” stories for fun; putting real money in is basically handing people your cash.
I’m watching whether $BTC can hold 78,000. If it breaks that level, it may drag down a whole bunch more. In this kind of market, cash is king—whoever has bullets in hand is the boss.
Do you guys hold any of these buried coins? Drop a comment and let me see how bad it is.
#Write2Earn #Crypto
⚠️ Personal opinion only, not investment advice.