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This time, the drop in silver prices from their highs dragged the entire crypto down with it... almost simultaneously... But the rise in silver prices didn't affect the crypto, which is quite surprising... This hasn't happened before. The only variable was that before the final wave of FOMO-driven price increases, major crypto exchanges launched perpetual silver contracts. The rise didn't involve you because funds weren't flowing in, but the fall dragged you down with liquidations because stop-loss orders triggered leveraged sell-offs... This time, silver actually helped push the market down.

加密道CryptoTao
@artist_dream7
这会不会直接导致币圈和传统市场之间的关联性越来越大,毕竟资金出入都更紧密?
The crypto itself is in a downward trend, but it could have fallen slowly or fluctuated before falling again, or it could have experienced a black swan event and fallen rapidly. However, this time, the sharp drop in silver led to a rapid liquidation of leveraged assets, which in turn caused a rapid liquidation of leveraged assets in the entire crypto. This was a very important moment of "joint liability." It's not the first time that we've been implicated by outsiders, but it's very important because this is the first time the crypto world has proactively opened its doors to "integration."
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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