💥 Crypto Market Crash – What Happened?
Today, the crypto market crashed sharply. Bitcoin (BTC) dropped below $105,000, and massive liquidations occurred — over $18B in leveraged positions were wiped out.
This forced selling pushed prices lower, creating a domino effect across all major coins.
⚙️ What Is “Liquidation” in Crypto?
Liquidation happens when traders use leverage and the market moves against them.
The exchange automatically closes positions when collateral runs out.
Example:
- Buy Bitcoin using 10× leverage
- Price drops 10% → your margin is gone
- Exchange closes your position → liquidation
When thousands of traders are liquidated together, it causes market crashes like today.
📉 Crash Data (HIVE, DOT, ICP)
- HIVE dropped to $0.033 at its lowest (today)
Screenshot of HIVE token from my Binance account
- Polkadot (DOT) dropped to $0.6
Screenshot of DOT token from my Binance account
- ICP (Internet Computer) dropped below $2.5
Screenshot of ICP token from my Binance account
Currently, HIVE trades around $0.14, ICP ≈ $4.38, DOT recovering slightly
💡 My Plan
I missed buying HIVE at $0.033, but I’m waiting patiently for:
- HIVE → $0.10
- ICP → below $2.5
- DOT → favorable dip levels
Once those targets are reached, I’ll accumulate these tokens for long-term holding.
Patience is key in crypto — crashes create opportunities for strategic buying. 🚀
📎 Final Thoughts
- Avoid high leverage during crashes
- Monitor liquidation levels and market depth
- Consider staggered buying rather than all-in at once
- Focus on strong projects and long-term strategy
#Crypto #Hive #Bitcoin #Polkadot #ICP #MarketCrash #Liquidation #Trading #Investment