sell
Panic liquidations and hack allegation drive volatility — reduce exposure
I’m seeing clear panic selling: $460M was liquidated in futures markets after weak macro data and a $50M transfer tied to a BtcTurk hack allegation was detected.
Sharp spikes are arriving back-to-back and volatility is at its peak. I expect continued downside pressure and chaotic price action until the situation stabilizes.
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Analysis
Forced liquidations plus an alleged exchange-related $50M transfer have greatly increased uncertainty; futures and options flows suggest sellers dominated the recent move, raising the likelihood of ra...
Recommendation
I recommend reducing exposure or selling into this environment and avoiding leveraged long positions until volatility subsides and on-chain/market signals confirm stabilization; consider hedges if rem...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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