FYI - We were The ONLY ones who were able to Either Get Profit Or Stop Loss During Market Crash.

🚨 What Happened During the Market Crash

The market crash was a complex event involving both external economic triggers and internal technical issues at crypto exchanges, including Binance. The table below breaks down the key factors:

Aspect Description
Market Trigger The crash was sparked by a geopolitical announcement: former President Donald Trump's threat of 100% tariffs on China, which wiped approximately $200 billion from the global crypto market.
Technical Issues on Binance Users reported widespread system failures on Binance during the crash, including frozen accounts, failed stop-loss orders, and an inability to execute trades, which amplified losses.
Flash Crashes Several altcoins, such as Enjin (ENJ) and Cosmos (ATOM), experienced "flash crashes," briefly showing prices plummeting to near zero before rebounding.
User Backlash The outage led to intense backlash, with users accusing the exchange of market manipulation. Critics called for regulatory investigations, and many traders advised moving funds off centralized exchanges.
Exchange Response Binance acknowledged the "heavy market activity" caused system delays and display issues but assured users that "funds are SAFU."

💡 What This Means for You as a Trader

This event highlights several inherent risks in cryptocurrency trading:

· Systemic Risks on CEXs: Even the largest centralized exchanges (CEXs) like Binance can experience critical failures during periods of extreme market volatility.
· Stop-Loss Limitations: As seen in this crash, stop-loss orders are not always guaranteed to execute, especially during system-wide overloads.
· Industry-Wide Issue: It's worth noting that other major platforms like Coinbase and Robinhood also reported similar technical issues during this market downturn.

I hope this summary helps clarify.