Oct 16, 2023 - Remember this legendary fake-out?
Fake BlackRock ETF approval news hit social media → $BTC pumped 10% to ~$30k in MINUTES → $100M liquidated before anyone realized it was bullshit
Classic degen trap. Bots bought the headline, shorts got rekt, then reality kicked in and it all reversed.
This is why you don't ape on breaking news without confirmation. SEC filings or it didn't happen.
The real approval came months later in Jan 2024, but this fake pump? Pure chaos. Market moved faster than fact-checkers could type.
Lesson: In crypto, headlines = volatility fuel. Always verify before you send it.
Fake BlackRock ETF approval news hit social media → $BTC pumped 10% to ~$30k in MINUTES → $100M liquidated before anyone realized it was bullshit
Classic degen trap. Bots bought the headline, shorts got rekt, then reality kicked in and it all reversed.
This is why you don't ape on breaking news without confirmation. SEC filings or it didn't happen.
The real approval came months later in Jan 2024, but this fake pump? Pure chaos. Market moved faster than fact-checkers could type.
Lesson: In crypto, headlines = volatility fuel. Always verify before you send it.