#数字货币市场洞察 just noticed a rather strange phenomenon—a bunch of altcoins plunged almost simultaneously.
According to market rumors, a whale’s leveraged position was liquidated, triggering a chain reaction. When large holders get liquidated, the tokens they hold often crash together, especially low-liquidity small-cap coins.
Tokens like $MON, $ZEC, and $pippin were all hit, with deep wicks on their charts. Seems like the whale’s position was quite large to be able to drag down so many coins at once.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
4
Repost
Share
Comment
0/400
EyeOfTheTokenStorm
· 12-06 09:43
Here we go again, another collective plunge. Based on my quantitative model's backtesting, the signs of manipulation this time are way too obvious—it matches the technical patterns from that 2017 wave exactly.
You have to look at this from a macroeconomic cycle perspective. Whales getting liquidated is actually a sign the market is bottoming out, so don’t get scared by short-term spikes. If you really want to catch the bottom, you need to hold your nerve—the historical data is right there.
Of these coins, $ZEC has the worst liquidity and is the easiest to manipulate, just a risk warning.
Why are there still people getting in at this point? Intelligence tax? Let the data speak—in this kind of altcoin, 98% are already dead.
Looking at the chart and that wick, my model has already flagged the oversold zone. It's definitely a good opportunity for T-trading, but don't go all in, seriously.
View OriginalReply0
HorizonHunter
· 12-06 09:41
Here we go again, who got liquidated this time? It feels like there hasn't been a break at all this past week.
Seriously, just look at those wicks and you can tell how bad it is. Small tokens just can't handle it.
That whale's move was insane—can one person really drag so many coins down with them?
View OriginalReply0
AirdropHunterZhang
· 12-06 09:33
Is it another case of a whale getting liquidated? I just want to know how much he went all in this time. To be able to swallow up so much shitcoin liquidity in one go, he must really be ruthless.
View OriginalReply0
LiquidationTherapist
· 12-06 09:22
Here we go again, the old routine of whale liquidations. This time, quite a few tokens got dragged down as well.
#数字货币市场洞察 just noticed a rather strange phenomenon—a bunch of altcoins plunged almost simultaneously.
According to market rumors, a whale’s leveraged position was liquidated, triggering a chain reaction. When large holders get liquidated, the tokens they hold often crash together, especially low-liquidity small-cap coins.
Tokens like $MON, $ZEC, and $pippin were all hit, with deep wicks on their charts. Seems like the whale’s position was quite large to be able to drag down so many coins at once.