Let me explain something to people, in case they didn’t know. Crypto exchanges allow traders to trade on margin (meaning you can trade on credit based on your income and cash accounts) this extreme drop you saw yesterday was traders getting “margin called” by there brokers. Meaning the broker said “Crypto is crashing to fast, I’m cashing out your losses so you are able to pay us back.” The drop yesterday was based on nothing but exchanges liquidating margin positions. Never trade on margin with highly volatile crypto. The people who did learned the hard way but good news for people like me who don’t use margin and my sole goal is to accumulate as many coins as possible.
I was part of those who got rekt. Even though i was already using just 7x