Empire Crypto's Flash Crash, What Next? | 1000x
Aug 6, 2024
Dive into the wild world of crypto as the market experiences a shocking flash crash. Discover the dynamics behind Bitcoin's price shifts and the challenges faced by altcoins. Explore the psychological aspects of high-risk investing and the potential government interventions impacting the landscape. Clarity emerges on the links between macroeconomic factors and the stability of cryptocurrencies. Plus, learn how geopolitical tensions and upcoming elections might sway the future of crypto investments. Yields of resilience shine with Solana.
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Resistance at 60K
- Investors struggle to buy volatile assets like crypto after significant drops.
- The 60K level may become a resistance level, creating difficulty for upward movement.
Deleveraging Event
- Lower market volatility requires larger positions to maintain similar returns.
- This leads to crowded trades and increases the risk of sharp unwinds.
Weekend Trading
- Avoid buying the dip on Sundays, especially in August.
- Weekends are illiquid, and big players are often unavailable, so trends tend to continue.