In the last 24 hours, 230 million dollars vanished from the cryptocurrency market. Just disappeared. They didn't even get a chance to say goodbye.
Of these, 142 million were lost by optimists who thought, 'Well, it's only going up!' - the so-called long positions. And another 87 million were lost by those who, on the contrary, bet on a crash. So everyone lost. Just like in politics.
And now the details:
Bitcoin minus 35.9 million dollars.
Ethereum minus 74.7 million dollars.
If this were a football scoreboard, it would look like this: Ethereum champion of wallet exits.
This isn't even a record. Just a couple of days ago, the market burned 861 million dollars. This is not a correction - it looks like the show 'Who Wants to Be Bankrupt?'
It's funny (and sad at the same time)
Imagine: some traders sat up all night praying for the price not to drop. Others prayed for it to drop. And in the morning, it turned out: both lost. All they have left are tears, an empty account on Binance, and the favorite word of crypto Twitter: 'rekt'.
And do you know who benefits?
That's right. The very 'whales' who calmly watch the chaos and buy BTC at a discount. So while ordinary people lose their last 500 dollars, someone adds a couple of million to their billions. Justice? No. But this is crypto. $BTC
