宇东
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Bullish
ACT plummets over 46%, what exactly happened behind the scenes?
Today's cryptocurrency market presents another thrilling drama: ACT's price dropped by more than 50% in a single day, with a shocking bearish candle that repeatedly crushed everyone's confidence—what exactly happened?
Firstly, the trigger for this drop came from Binance's adjustment of leverage on certain tokens, including ACT, leading to many high-leverage players getting liquidated in an instant, suffering heavy losses.
Even more alarming, data shows that a large ACT whale was forcibly liquidated at the price of 0.1877, incurring a loss of $3.79 million in a single transaction. When a whale moves, the market collapses, and panic spreads like a virus.
Currently, ACT's price has fallen below $0.1, trading volume continues to increase, and selling pressure remains persistent. Many are asking: can we still buy the dip?
My advice is threefold:
1. Avoid leverage, especially during periods of extreme volatility; this is the best time for liquidations.
2. Keep a close eye on the whales; their movements often signal an approaching storm.
3. Don't FOMO; real opportunities never rush out during panic but instead wait quietly for the next upswing.
The cryptocurrency market is like a battlefield, and every significant drop hides deep meaning behind it. Surviving is the first step to qualifying for the next wave of wealth.
Today's cryptocurrency market presents another thrilling drama: ACT's price dropped by more than 50% in a single day, with a shocking bearish candle that repeatedly crushed everyone's confidence—what exactly happened?
Firstly, the trigger for this drop came from Binance's adjustment of leverage on certain tokens, including ACT, leading to many high-leverage players getting liquidated in an instant, suffering heavy losses.
Even more alarming, data shows that a large ACT whale was forcibly liquidated at the price of 0.1877, incurring a loss of $3.79 million in a single transaction. When a whale moves, the market collapses, and panic spreads like a virus.
Currently, ACT's price has fallen below $0.1, trading volume continues to increase, and selling pressure remains persistent. Many are asking: can we still buy the dip?
My advice is threefold:
1. Avoid leverage, especially during periods of extreme volatility; this is the best time for liquidations.
2. Keep a close eye on the whales; their movements often signal an approaching storm.
3. Don't FOMO; real opportunities never rush out during panic but instead wait quietly for the next upswing.
The cryptocurrency market is like a battlefield, and every significant drop hides deep meaning behind it. Surviving is the first step to qualifying for the next wave of wealth.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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