Today, gold fell 14% and silver 30%, wiping out more than $15 trillion in market value in a matter of hours. This is equivalent to the combined GDP of major European countries. Since such a large drop in gold in a single day is rare, it is clear that this is not a typical profit-taking, but a liquidity-driven selloff; when volatility rises, funds come under margin pressure and close positions to find cash, and as a result, even high-quality assets are sold off first.
Thus begins a forced liquidation phase in which markets move faster than fundamentals; this is a period that indicates liquidity stress rather than long-term value changes, so risk management is more crucial than emotion
Only after the dust of liquidity settles will there be clarity in the market.
Refrain from investing in Gold and Silver for now! $BTC $RENDER $SOL
🚨 $PENGU is currently top trending , gaining strong attention from the market. It’s trading around $0.0099 with a market cap near $624M and about $99M in 24h volume, showing solid activity. 🚀 With a large circulating supply and strong brand backing from Pudgy Penguins, $PENGU remains one of the most watched meme tokens right now. @Pudgy Penguins
A lot of people often forgot how fast crypto can move…
2021:
$SOL Went from $20 to $200 in 50 days. (10x) $DOGE went from $0.07 to $0.7 in less than 30 days. (10x) $AVAX went from $3 to $60 in less than 40 days (20x)
You only need 4-6 weeks for #alts to wipe out 3-4 years of suffering.
You don’t need 1-2 years for altcoins to make massive gains.
Price has broken out of the downtrend channel and is now moving sideways. You can open a long position here and consider adding more around the $0.35 level, as we may see a continuation of the upward movement.
Congrats to @GeniusTerminal on their YZi Labs investment!
This is great validation for what builders can do with Aster Code—our infrastructure layer for builders who want to launch their own trading products with our liquidity.