This crash is the reason we’re otw to 60k next week

This crash has eliminated all the long leverages and the next pump is near.Whenever there was a long bull run, there would be this type of flash crashes to take away the long positions and the whales/platforms would maximize their gains in the following bull run.

Why this isn’t a dead cat bounce / bear beginning? By looking at history data/ other markets’ data, most of the above mentioned scenario occurs after consecutive days of high volume red candles that may implied whales dumping their stakes consistently. Flash crashes were more of systematic risk that either caused by negative news or manipulations that lay the road for the next bull run. We don’t see volume spiking this time thus this would less likely to be a dead cat bounce or bear beginning.

Conclusion: We are still in the bull. To the 🌝