Market Alert!: What Caused the $BTC Flash Crash, and Is More to Come? Investors Take Shelter in Presales
Welcome to the bull market. Volatility is back on the menu, and the big question is what crypto to buy today. What caused Bitcoin ($BTC) to flash crash, and is more to come? How can investors avoid the downside brought on by these leverage flushes?
One lucrative avenue more and more investors are taking is sheltering in presales. Purchase tokens now and wait until launch in 2024, when market conditions will be roaring. Among the competition, one protocol has risen, and after tremendous success in its early funding, Galaxy Fox ($GFOX) takes center stage as the top crypto to buy in 2023.
Market Alert: Bitcoin (BTC) Flash Crash, Further Downside Incoming?
On December 11th 2023 Bitcoin experienced a long, ugly wick to the downside, liquidating more than $300 million. Over-leveraged traders got wrecked, and short-term holders dumped approximately $4 billion in $BTC into markets over two days.
These short-term $BTC holders set an 18-month selling record, and it was the largest single-day drop this year. Volatility has always been part and parcel of the crypto game. Something any course teaching investing in crypto for beginners should start with.
It was a leverage flush punishing late longs, and now that more TradFi players are active in markets, these leverage flushes will likely become more popular. Traders all over the world hunt each other’s liquidation zones on leverage. Flash crashes are inevitable.
Could further downside be approaching? Seasoned experts and traders believe the market could nuke in January before entering the up-only paradigm again. They advised participating in presales now to shelter. These tokens, heavily discounted now, will launch later in 2024 in buoyant conditions, and Galaxy Fox has already received
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