This move is not simple.
$NFP got smashed down 65% straight away, and the position at 0.00181 saw huge volume of $3.8M explode — this is a textbook flush-and-dump. I checked the coin’s holding data, and short positions were being added aggressively. Funding being pushed to 0.0052 means the bulls are still stubbornly holding the line on the drop of $BTC . Now that $BTC has broken 77000, there’s no support below. At times like this, a small coin like NFP is just being burned as fuel. This kind of drop isn’t a pullback, it’s an autopsy report. Can you buy the dip? Wait until the shorts finish covering. Going in now is just送钱 to the bears.
SC, on the other hand, rose 45% against the trend, with volume at $9.9M, nearly three times that of other coins. Such an independent move either means some bullish news hasn’t been announced yet, or it’s the market makers staging a show. I lean toward the latter — when the whole market is falling, they pump the biggest-volume coin, maximize appeal, and once the retail chasers pile in, they start unloading. Pay attention to this 0.00088 price; it’s right at the previous resistance level. Even though the volume is huge, it hasn’t broken the prior high, which is a very obvious sign of a market-made stock. If you’re chasing SC, you’d better first think clearly about whether you’re investing or just providing exit liquidity for the makers.
Overall, this drop is not a normal correction, but a chain reaction from leveraged liquidations. The funding rate is still positive, which means the bulls haven’t admitted defeat yet, but $BTC has been dumped 4000 dollars from 79250 without even a decent bounce in between — the bears are controlling the pace. I’m still holding my short, waiting to see if $BTC tests 75000.
How many got buried in this move?
#Write2Earn #Crypto
⚠️ Personal opinion only, not investment advice.
$NFP got smashed down 65% straight away, and the position at 0.00181 saw huge volume of $3.8M explode — this is a textbook flush-and-dump. I checked the coin’s holding data, and short positions were being added aggressively. Funding being pushed to 0.0052 means the bulls are still stubbornly holding the line on the drop of $BTC . Now that $BTC has broken 77000, there’s no support below. At times like this, a small coin like NFP is just being burned as fuel. This kind of drop isn’t a pullback, it’s an autopsy report. Can you buy the dip? Wait until the shorts finish covering. Going in now is just送钱 to the bears.
SC, on the other hand, rose 45% against the trend, with volume at $9.9M, nearly three times that of other coins. Such an independent move either means some bullish news hasn’t been announced yet, or it’s the market makers staging a show. I lean toward the latter — when the whole market is falling, they pump the biggest-volume coin, maximize appeal, and once the retail chasers pile in, they start unloading. Pay attention to this 0.00088 price; it’s right at the previous resistance level. Even though the volume is huge, it hasn’t broken the prior high, which is a very obvious sign of a market-made stock. If you’re chasing SC, you’d better first think clearly about whether you’re investing or just providing exit liquidity for the makers.
Overall, this drop is not a normal correction, but a chain reaction from leveraged liquidations. The funding rate is still positive, which means the bulls haven’t admitted defeat yet, but $BTC has been dumped 4000 dollars from 79250 without even a decent bounce in between — the bears are controlling the pace. I’m still holding my short, waiting to see if $BTC tests 75000.
How many got buried in this move?
#Write2Earn #Crypto
⚠️ Personal opinion only, not investment advice.