RE: Arms and AI Race Go to the Next Level; Crypto Caught in the Middle
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I personally just wrote an article about this too, its impact is really felt on Hive. $16 to $19 billion liquidated overnight is insane. Wiith geopolitical tensions like this, it feels like the market could swing even more unpredictably in the coming weeks, I just hope correction happens soon, I thought hive at 17 cents was bad, this blows my mind
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I saw this morning how low Hive went, even briefly... But that only shows that someone with liquid HIVE or assets on HE really wanted out at any price and quickly to not be liquidated on their margin calls. That's what I believe happened. And it happened to many other crypto assets too, where those in need of liquidity sold hastily at any price.
I believe that's the best explanation to this, a panic sell so they don't totally go under