WHAT JUST HAPPENED TO CRYPTO ???
The Moon Show
Summary of the Video Transcript
Introduction
The speaker is shocked and lost for words due to a sudden and drastic drop in the cryptocurrency market, particularly Bitcoin and Ethereum.
Market Analysis
- Bitcoin: Dropped from $100 to $91, with the speaker considering this move as "disgusting" and potentially a result of major manipulation.
- Ethereum: Fell to $2.1K, which the speaker finds unbelievable and attributes to manipulation.
- Altcoins: The entire altcoin market is described as being "annihilated," with significant drops across the board, including XRP back down to $2 and Dogecoin experiencing a massive wipeout.
Speaker's Experience
- The speaker's positions were completely liquidated, echoing the experience of many in the crypto market.
- Despite the initial shock, the speaker is considering opening new positions, believing that after such a significant drop, the market might be ready to go back up.
Market Outlook
- The speaker believes the recent drop could be a capitulation event, potentially followed by a recovery or an upward trend in the market.
- There's speculation about whether the market will retest previous lows or if this event marks the beginning of a bull run continuation.
Conclusion
- The speaker encourages followers to share their thoughts and is open to discussing the market's future movements.
- Links to the speaker's social media and various crypto services are provided for those interested in staying updated or starting to trade.