Dropping the Price by manipulation

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All Cryptocurrency markets had a nasty tiny crash Today with major cryptocurrencies like Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), Hive (CRYPTO:HIVE) all dropping high-single digits which is massive for drops as well for Hive-Engine tokens all taking a beating not the upside is Hive is also down.

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A traditionally slow week of trading the Holidays could be at fault, so investors will want to watch momentum once people return to work in the new year.. Unless the Gov lies about the Job placements once again.

Dropping the Price by manipulation

* Most major cryptocurrencies are down in trading on Tuesday.

* Hive Engine tokens get pumped

* Liquidation levels we haven't seen since early in December, which could be making losses worse.

* Volatility doesn't seem to stop in crypto.

We all know that most people cash in on Crypto during the holidays to buy those fancy Lambos.
Sometimes the week between Christmas and New Year's Day can be slow for the market and lead to wild swings... meaning we haven't seen nothing yet.

Just remember we had that bull market now its time for that winter we always get on the new year.
This decline does not mean panic for it has been said many times before panic selling is bad for your health.

With the Price of Hive with it's own -8% decline today, some Hive-Engine tokens are getting a pick me up of sorts..

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I guess when Hive is low its time to stack them HE tookens, Look at all that green for todays market seems funky.

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Bitcoin Futures turn sour?

Nearly 80% of long positions were liquidated over 24 hours, with $90 million in losses on bitcoin futures alone.

Crypto Futures See $300M in Losses After Spot Market Drops

A drop in crypto markets from Monday evening (UTC) prompted almost $300 million in liquidations across several crypto futures contracts, data from analytics tool Coinglass showed. More than 109,000 traders’ positions were liquidated in the past 24 hours.

$300 million bucks is not funny business, this massive sell off is just a bump in the road and it's in my opinion an opportunity to stack some BTC and some HIVE

Bitcoin prices rose above $52,000 on Yesterday weekend after Christmas before tumbling by as much as $3,000 early Tuesday, causing over $94 million in liquidations. As I stated above though the blood bath is yet to come and hopefully we have some Liquid $$ to dump in cheap coinage.

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With these prices of any coin at this moment you are bound to make a nice cool % back jumping in now, but of course as I mentioned the blood bath could just get worse before it gets better, or maybe the Moon is coming in 2022!

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15 comments
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The market will market and crypto will bounce around.

But when in doubt, zoom out!

Hehe, using Ecency mobile for the first time...

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pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 87 of my contest just started...you can now check the winners of the previous week!
!PIZZA
8

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It's definitely what we will expect in the world of crypto so it shouldn't be a surprise but only hope for a pump in price.

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People need to stop trading on the minute scale!! Zoom out hahaha it's going upward!

I agree with what you said though, when I say "people", I mean those that arrived in the space this Christmas and blew their bonuses with one of the older trick in the world.

The pump, the big one, always happens when noone expects it, that's how the profit is made!

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I am just sad about Utopis dropping so much :c

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I wonder if people are doing some last minute selling before taxes. After all we are near the end of the year and they might also have to pay those.

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Let us bet on the moon in 2022!Some smart thoughts to this post @chronocrypto, it is time for a correction yet again. And then, let us APE/WHALE in the meantime🤣

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agree big whales do manipulate market and as its new year time market is down like hell

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When I thought we'll be ending the year well, suddenly the bear strikes. That's quite a lot of money liquidated on BTC. Great to see hive didn't suffer much of a beating. Hopefully we kick off the new year in bulls

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Yeah...

Hive has been a good boy of late. I hope we get to see more upsides.

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Yeah. I also expect more runs to the top. 2022 should be great

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Looks like the downtrend isn't over yet because we are failing to see higher highs of many charts. More so, in anticipation of $6 billion Options expiry, a further price decline has been speculated.

However, we keep watching to see how the market goes

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It's got to discourage people who were expecting the big rally before the expected crypto winter. Once those people give up on the rally coming and start to expect the winter is here, they'll sell and we'll get some obscene rally to $150-200k bitcoin. Everyone will run to get back in and it will cut in half to $100k and then slowly bleed down to 60-75k for 6 months to get everyone to give up before it runs again.

Wash. Rinse. Repeat.

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