The whales went fishing.
On Friday, under the pretext of the US administration's threat to impose tariffs on China again, the market collapsed at times. Because, as is the case in financial markets, crypto markets also have speculators leveraging to achieve higher returns, the declines caused the limits to skyrocket, leading to an even greater decline.
I wonder if this will become more common in markets that are increasingly dominated by bots and AI.
I don't know, but the gold market could be the next victim of bearish surprises.
Screenshot.
But the market speculates that it was whales trying to catch different cryptocurrencies at low prices. Especially after the market appears to be recovering in the three days since, and new highs are already being speculated about. This shouldn't surprise us because it's something bullish whales have done many times, but this time it seems to have been the other way around, and that's less fun for the minnows.
Do you think what happened on Friday was planned? Whales fishing for minnows? Or just normal market dynamics mixed with a touch of panic?
Disclaimer.
This is not a purchase recommendation. I am not a regulated financial analyst. Under no circumstances should this information be construed as a recommendation to buy, sell, or hold a position.
You should be aware of the risks involved in investing and conduct your due research.
The information described here may not be accurate or may change at any time, so you should always check it.
Posted Using INLEO
This felt familiar—not because we share the experience, but because the honesty was bitter.
Being reactive isn’t necessarily weakness; sometimes it’s proof that life has dragged us to places where choice became a luxury. But you’re right: action in chaos, even without guarantee, is the only thing that pulls hope out of abstraction.
Just one addition: sometimes that “unwise” clinging to foolish hope is the bravest thing we can do.
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