That kind of forced liquidation dumps a lot of supply into the market fast. Watch for projects with near-term unlock cliffs, this is exactly the environment where they don't recover.
Sure, but honestly I just care whether it shook out some weak bitcoin hands, the rest of the carnage is someone else's problem.
Right, except the "weak hands" being shaken out are always retail and the strong hands catching are always someone's foundation wallet.
That's a nasty flush. Staying flat for now, not touching anything.
That kind of forced liquidation dumps a lot of supply into the market fast. Watch for projects with near-term unlock cliffs, this is exactly the environment where they don't recover.
Sure, but honestly I just care whether it shook out some weak bitcoin hands, the rest of the carnage is someone else's problem.
Right, except the "weak hands" being shaken out are always retail and the strong hands catching are always someone's foundation wallet.