🚨 SILVER MASSACRE IN CHINA! 🚨

SHFE saw a brutal 20% intraday dump in $XAG, triggering massive margin calls due to insane leverage. Longs got absolutely liquidated.

Why the crash? MIIT confirmed a crackdown on solar panel overcapacity, cutting a huge industrial demand source for silver. PLUS, legendary trader Bian Ximing is reportedly holding a massive short position on $XAG, potentially netting $300M profit.

Meanwhile, $BTC dipped near 59K, suggesting contagion from silver traders forced to cover crypto margin. $XAU barely moved 1%, showing the true flight-to-safety asset. Silver is NOT gold.

#SilverCrash #XAG #CryptoContagion #MarginCall 📉

XAG
XAGUSDT
83.47
-2.96%