Good morning☀️

We had an unforgettable day with a historic drop in crypto.

Liquidations reported by exchanges are around $20 billion, but the actual amount is estimated to be nearly double that.

Even 2-3 leveraged trades were liquidated, and a major reset occurred across the entire market.

I wish everyone with losses a speedy recovery. Remember that money is not more valuable than you and your loved ones; all losses will somehow be compensated.

We could talk for weeks about what’s happening, but it would be of no benefit. There is no explanation or logic behind the price movements experienced yesterday.

Instead of discussing what has happened, we need to turn a new page and look at what could happen from this point onward and what can be done.

I shared a detailed analysis before the drop started last night and mentioned that we needed to hold at the $117k support, otherwise the decline could deepen.

After the four-hour close below the attempted buy at the $117K support, we stopped out with a loss of less than 1%. It was a risk that could be taken at that moment, and it saved us from almost the entire drop with a small loss.

We were reminded that the only truths are Bitcoin and Ethereum, while all other altcoins are in the hands of certain individuals and could drop by 90% within minutes.

I hope you have a clearer understanding of why we have not been buying altcoins and sharing analysis for the last 2-3 years during today’s drop.

The prices of Bitcoin and Ethereum have not yet found their place. Exchanges could not transmit orders, and the programs we use could not pull the data. We need to wait for the prices to stabilize a bit and for the data to return to normal.

I will be sharing detailed analyses regarding what could happen from today onward by thoroughly scanning all the market data, friends.

I wish everyone a beautiful weekend and plenty of profits.