Twice Massive liquidation within TWO Weeks.

[Banadony]

This is huge and honestly a bad news for the crypto ecosystem. huge liquidation of accounts took place on crypto trading platforms  within the space of two weeks with traders Loosing a total of 548.65 millions on Feb 26 and 798.49 millions today(March 3rd).  Over 51,000 accounts were victims of liquidation as the crypto market plummets into another  epic bear market. This occurred on Bitmex exchange,Binance, Okex, Huobi and FTX. The exchange with the highest value of liquidation is Bitmex.

this huge and affect traders and crypto. i doubt if the market will recover such amount within the next few months.  there is a high chance that many people that were affected by the first wave could also be affected by the second wave. probably trying to recover what they lose thereby refunding their accounts Might got rekt again. I fear that the bulls are not coming back soon.

[asriloni]

This is huge and honestly a bad news for the crypto ecosystem. huge liquidation of accounts took place on crypto trading platforms  within the space of two weeks with traders Loosing a total of 548.65 millions on Feb 26 and 798.49 millions today(March 3rd).  Over 51,000 accounts were victims of liquidation as the crypto market plummets into another  epic bear market. This occurred on Bitmex exchange,Binance, Okex, Huobi and FTX. The exchange with the highest value of liquidation is Bitmex.

this huge and affect traders and crypto. i doubt if the market will recover such amount within the next few months.  there is a high chance that many people that were affected by the first wave could also be affected by the second wave. probably trying to recover what they lose thereby refunding their accounts Might got rekt again. I fear that the bulls are not coming back soon.

Please read this news https://cointelegraph.com/news/bitcoin-drop-due-to-13k-btc-plustoken-scam-not-coronavirus-analysts/amp
I believe we must prepare for the second wave. The scammer is coming from the plustoken which has already tried to drown a lot of money from the exchange site by started to dump the bitcoin that he was getting it from scam people. I'm also feeling doubt about that as it's a lot of money that already stealing by this scammer.

[Goodvalony]

We might be expecting another huge wave of sell off. i think this is because of the current economic crisis rocking the Oil sector where saudi and Russia are struggling with oil price. Also the Convid 19 virus that is threatening humanity. these moves were unexpected and it happened so fast that millions of dollars were lost with hours.\
Honestly 2020 wasn't promising as expected and looks like it will be a terrible decade. from one problem to another within 2 months of arrival.

[Furryball]

The economy crisis and Coronavirus are to be blame and I heard about the sell off that consists of twelve thousand Bitcoin from a crypto pyramid scheme project which I actually believe it's the real culprit here, God knows when this will all ends

[GreatArkansas]

There will be a rainbow after the rain as what they said.
For this recent dumps on cryptocurrency market cap, there is some advantage on it. Most of the top cryptocurrencies that has high market also dumps.
It is really pain in the ass on every traders out there especially if they got liquidated using margin trading. For me, this is also a good sign especially for those people like me that still accumulating Bitcoin in lower prices.

[BayAngelo]

the dump was massive for the top cryptocurrencies but does that means their is hope for the young and upcoming projects with prospect? i don't think so. i hope new projects will be considered by investors since the bitcoin  and ethereum are already been controlled by whales causing the huge dump and price pump at their own peril.  i believed that if altcoins can get huge investors investing on them, their will be little or no control in cryptocurrencies. these dumps are because bitcoin control the market.

[Furious 7]

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Please read this news https://cointelegraph.com/news/bitcoin-drop-due-to-13k-btc-plustoken-scam-not-coronavirus-analysts/amp
I believe we must prepare for the second wave. The scammer is coming from the plustoken which has already tried to drown a lot of money from the exchange site by started to dump the bitcoin that he was getting it from scam people. I'm also feeling doubt about that as it's a lot of money that already stealing by this scammer.

This is shocking news because Plustoken has now become a scam project and has stolen a lot of money from investors. I think the wave market is happening because this news may be that they sold all of the assets simultaneously so this decline is so significant in the last few.

Even though high liquidity has dropped dramatically, I think in the future it will not be able to return to normal and the bullrun will arrive again.

[matchi2011]

There will be a rainbow after the rain as what they said.
For this recent dumps on cryptocurrency market cap, there is some advantage on it. Most of the top cryptocurrencies that has high market also dumps.
It is really pain in the ass on every traders out there especially if they got liquidated using margin trading. For me, this is also a good sign especially for those people like me that still accumulating Bitcoin in lower prices.

For those who have some good fund to invest inside this industry, this current bear season will give them a good opportunities to buy more and collect
for their future, this investment will take some time as the current market is not doing well for short term holders. The actions coming from those dumpers are hard to specify, you need to deeply analyze the situations before placing your money inside.

[ned.ryerson]

I am already very tired of what is happening with the market. these strong dump have already morally repress many traders. there will be halving soon and I think that the market should begin to move in a positive direction. another dump we should not see

[Flux0z]

Doesn't matter. The fundamentals, and the tech is still intact. While the whole stock market is plummeting, remember this:
It will take A LONG TIME to recover the same way we see the cryptocurrency market recover. We could see BTC at $10k tomorrow, lol. With the halving just around the corner, we'll be rebouncing soon.

Also, STOP using centralized exchanges, as they are manipulating the markets, fake wash trading, etc. Give the Blocknet DEX a try if you wish to try something which is 100% trustless, just saying: https://blockdx.com/