When an asset drops 10% in a matter of minutes, here's what happened:

Step 1: Corporations with large amounts of money borrow thousands of BTC. Step 2: They take the BTC and dump it on the market. This blows through buy walls and causes leverage traders to be liquidated. Step 3: Fear and panic spread through the market. Shills and salty traders alike will flood social media with FUD. The price further dips. Step 4: The hedge funds close the loop: they buy back the BTC they borrowed, pay back their lenders, and generate a profit. They can do this because they have capital that you and I do not have. And they do it over and over. Don't fall for their tricks. Just hodl. Or better, buy whenever you see a -10% price dip. You can be assured that this was NOT a bunch of ordinary individuals, who happen to take profits at the same time. Bitcoin is truth. submitted by /u/Sharan-Reddy [link] [comments]