So, here’s what happened yesterday and why #Binance ended up in such a situation
We’ll skip the part about #Trump and tariffs that’s an obvious factor affecting all markets. But it wasn’t the reason why many people woke up without deposits.
5. Because of the market’s steep drop, many lending platforms also liquidated their positions. The average altcoin drop was around 50%, meaning any position with leverage above 2x was liquidated.
The rebound happened very quickly, so we definitely won’t see a new low 100%. It’s almost impossible to drop another 30% or more from the current levels
I’m sitting here thinking about buying spot, setting aside $100,000 and buying for $30,000–$40,000 now. If there’s another dip, I’ll buy the same amount again, and if it drops even more, I’ll add once more