💥Crypto market has been hit hard virtually overnight just like it was when Celsius rumors started swindling and then actually hitting. This time it's Sam Bankman-Fried's FTX exchange and his trading firm which are in the hot water right now as Alameda Research was revealed to hold a large sum of FTT tokens and SOL of which FTT is the main in house exchange token for FTX. Thus it's led to liquidity worries with many worrying that FTX may not be able to handle withdrawals or may pause them at one point or another thus starting this whole cascade alongside Binance selling off it's holdings of FTT.
💥It's started a cascade of sell off's across the market with FTT and Solana being hit the hardest so far basically and has led to Bitcoin completely losing it's 200 EMA grip and tumbling through our markings which just looks like a mess. Anyway here's the one minute chart and a good look at what seems to be a descending channel that's formed which when broken could be the catalyst we need to get back up though ultimately we're gonna be in real volatile times till this is over or Binance is completely done selling their stake of FTT tokens.
💥Leaving it at that since we mainly have to pay mind to the markings right now and the news as the general market itself isn't looking too bad today aside from TSLA so we know this is something that's centralized in crypto thanks to another potential Celsius' event which has many fearing recalling on what happened last time though I see us finding a recovery much better and quicker this time around but only time will really tell that, which is exactly why you should follow and leave a like to keep posted on more as always! It'd honestly be much appreciated, thank you!
~ Rock '
💥It's started a cascade of sell off's across the market with FTT and Solana being hit the hardest so far basically and has led to Bitcoin completely losing it's 200 EMA grip and tumbling through our markings which just looks like a mess. Anyway here's the one minute chart and a good look at what seems to be a descending channel that's formed which when broken could be the catalyst we need to get back up though ultimately we're gonna be in real volatile times till this is over or Binance is completely done selling their stake of FTT tokens.
💥Leaving it at that since we mainly have to pay mind to the markings right now and the news as the general market itself isn't looking too bad today aside from TSLA so we know this is something that's centralized in crypto thanks to another potential Celsius' event which has many fearing recalling on what happened last time though I see us finding a recovery much better and quicker this time around but only time will really tell that, which is exactly why you should follow and leave a like to keep posted on more as always! It'd honestly be much appreciated, thank you!
~ Rock '
