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.