BREAKING: South Korean exchange activates a circuit breaker after the KOSPI falls -6%, temporarily suspending algorithmic trading.
Over ₩438,000,000,000,000 ($300 BILLION) wiped out from South Korean stock market today.
🚨 I just opened a $30,000 short on $HYPE.
A lot of people are buying this dip, but personally I think they’re rushing too early.
$HYPE is down more than 25% from the highs, failed to hold the $62-$64 zone, and is now struggling around $55-$57.
Arthur Hayes already sold his $HYPE. The coin is down heavily from the highs and people are already calling for new ATHs again.
I have seen this too many times in crypto.
One green candle and everyone forgets the dump that happened a few days ago.
I’ve been in crypto long enough to know that the first bounce after a big correction is usually where most people get trapped.
That’s why I’m shorting here.
Maybe I lose money on this trade.
But right now I see more reasons to be bearish than bullish on $HYPE.
If $55 breaks, I think we can easily see $50 first and maybe even the low $40s.
Dammn...
$1.65 Trillion has been wiped out from gold and silver in the last 18 hours.
This is more than the entire market cap of Bitcoin and ETH combined.
Bitcoin is CRASHING
Ethereum is CRASHING
Gold is CRASHING
Silver is CRASHING
S&P 500 is CRASHING
Nasdaq is CRASHING
Oil is CRASHING
If everything is crashing , where the hell is the money going?