🚨😭😭😭 Traders lost $1 billion in an hour! Crypto flatline or harbinger of a fall?
📉 Yesterday morning #биткоин dropped from ~$115,000 to ~$112,000, Ethereum plummeted nearly to $4,000 - such losses in one hour are no longer just a correction. Margin longs have burned 🔥
☝️ Main points:
More than $1 billion in longs were liquidated in just one hour.
#XRP fell below $3, SOL dropped to $214, DOGE shed more than 10%.
😳😱 The fear-greed index has moved into the fear zone - 45 points.
🔍 History repeats itself:
September is traditionally a weak month for Bitcoin. But in previous years, right after September declines, there were powerful reversals in October.
💡 Conclusion:
99% of retail traders panic during declines.
1% see opportunities when others lose their heads.
