Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Lucius
on 05/08/2024, 12:57:57 UTC
Do you guys think the crash has something to do with Iran/Israel (supposedly) about to go at each other's throats?

I don't know how they will hold each other's necks when they are about 900 km away from each other - so apart from placing bombs under each other's beds (in which the Israelis are obviously much more inventive), they can attack each other with drones and rockets - in which the Israelis are once again at an advantage due to far more advanced technology and help from the US, which has already sent additional ships to the region.

This crash is just another in a series of results of human greed (the majority) and the ability of the minority to liquidate them in their positions.

Crypto-tracked futures saw over $1 billion million in liquidations in the past 24 hours amid a market sell-off, with ether futures recording $304 million in liquidations.
Over 200,000 traders were liquidated, with the largest single liquidation order worth $27 million on Huobi.

Apologies if someone has already posted it.