After South Korea's Martial Law: UP Flash Crash! $BTC Hits 7W1! Altcoins Crash! Whales Bottom Fishing! Exchange Outage! $BNB Skyrockets! How to Position Next!
Last night, South Korea's martial law took 6 hours from announcement to conclusion, and within this short span, the famous exchange UP directly flash crashed, with Bitcoin plummeting to 7W1, severely impacting the overall market and resulting in a big sell-off. Many traders with high leverage and large positions were liquidated!
At the same time, numerous altcoins also faced heavy sell-offs, with Bolei $XRP crashing to $1.3 and ETH hitting a low of $3500. While many altcoins experienced varying degrees of sell-off, the MEME sector was hit even harder, showcasing a “no return” trend, exacerbating the already weakening MEME. NEIRO DOGE experienced a continuous drop of several points before starting to consolidate at the bottom.
Many whales transferred large amounts of USDT to Upbit for bottom fishing. Within 1 hour of the “martial law,” over 163 million USDT flowed into Upbit, temporarily causing UP to halt trading due to excessive traffic!
The operation of BnB is quite interesting! It still surged crazily under such circumstances! It rose 10% overnight, with a beautiful bullish candle breaking the major resistance level of 700 and reaching a new high!!! However, given that market panic has not fully dissipated, BNB also saw a slight pullback of over 2 points in the morning, but is gearing up to move upwards again! Jinbao previously mentioned that Binance, as the largest exchange in the universe, sees good market conditions and rising trading volume, so it's only a matter of time before BNB reaches 1000!
Although the martial law event has temporarily ended, it is certainly just the beginning of internal strife within the Korean regime. Just today, on December 4th, the chief of staff and chief secretary of the South Korean president's office collectively resigned!
The internal strife has just begun! There may be significant turmoil ahead! Everyone should closely monitor South Korean news events! Position ahead of time! Various opportunities!
Jinbao has also been continuously bottom fishing and seizing high opportunities! Follow Jinbao! Continuously sharing valuable insights with you! Sharing profitable codes with everyone daily!
