Greetings Friends;
Recently, one of the largest investment groups in the cryptocurrency world has entered a state of liquidation in some exchanges such as: FTX, Bitmex and Deribit. By reading the articles below or typing in the Twitter search bar "3AC liquidated" we can understand one of the situation.
In a way this is affecting the market in a financial and mainly speculative relationship. A gigantic whale has entered a state of crisis and possibly the felencia could be something real. On the other hand, a whale of this level will hardly collapse as a whole because it still holds certain investments in different places. Adding all this together and if the bankruptcy occurs we will find lower price levels for bitcoin because we can add the downtrend of a few months, market panic and negative speculative for bitcoin prices.
Possible consequences of the earthquake
The big problem with this event that became evident is the cascading effect, but what do you mean? Yes my friends when we come across a trend, the reversal is hardly immediate and due to the size of the Bitcoin market it can take days, weeks, months or even years. We are not sure or any data to prove it and even if there was the fluctuation of the market it breaks all this around any theory.
So chart patterns and trend patterns help us to find a direction for our investment or something relative but unfortunately it's not a guarantee of success.
Conclusion
Whale movements directly affect sharks and small fish...
#3AC #FTX #Deribit #BItMEX - #Crypto #DeFi
