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Hello this is Matt on the moon Lambo Channel let's talk about the Sunday Night flash crash which just happened And uh enough time is pasted that There's been a bit of time to digest What has occurred I'm going to share With you some interesting perspectives From all sorts of people uh in the world Of crypto here and um I'll just say this Know there have been all sorts of people Complaining that and I think Unreasonably so complaining that xrp has Been somehow disproportion hit to the Negative compared to bitcoin that is Literally not it's not even reasonable The xrp I'm going to show you again and I'm not going to harp on this too much In this video but I do want to point This out towards the beginning part of The video it is just not true Bitcoin Took a hit the rest of the market Followed in kind and I will show you in Terms of percentage loss to this point In time there's not that much of a Difference if you just look at the top 50 coins by market cap um but um if Anyone's curious I'll note that I am Recording this video video at 4:38 a.m. Central Time which is my time zone I'm In the midwest in the good old United States of America and uh so this crash Happened about I guess a little over Eight and a half hours ago so like I Said there's been a little bit of time
To digest here is it time to freak out Yes absolutely sell everything I'm Kidding I'm no it's not time to freak Out but there there is a a reasonable Question is this the sign of a of yet a Bigger fall to the downside that's Impending or was this just some really Just a a contained flash crash and then We're just going to rock it on out of Here that's what we're going to be Talking about here but uh before going Any further I do want to be clear I do Not have a financial background of any Kind I am not offering Financial advice And you definitely should not buy or Sell anything because of anything I say Or right I'm just an Enthusiast who Enjoy making YouTube videos about crypto Related topics but just as HBY and just For fun as I record this video xrp is at 63 uh Bitcoin is at $ 42,546 I'm waiting for this to update it Doesn't do it for another 13 hours it Just updates once per uh once per every 24 hours uh but it was at 74 out of 100 Pretty confident it's going to be a Little bit lower now of course if things Continue to move to the upside maybe you Could kind of uh you know prevent it From going you know too far into neutral I'd be surprised if this leads all Straight into fear guess it's possible But um but but take a look at this Headline from the daily hoddle oh no no
No no I'm jumping ahead I want to I want To make sure I don't forget this let me Just Hammer this out right now and then We're going to jump into the rest of the Stuff here this idea because I saw this Idea bandied about by so many people on Social media platformx that xrp oh my God it's xrp again you know xrp you know Bitcoin drops xrp drops more some people Were saying stuff like you know xrp um You know or Bitcoin was pumping xrp Wasn't and so not only did did xrp not Engage in a pump but it did engage in Just the fall I'm just like my God have You been looking at what's been Happening with xrp it just doesn't make A damn bit of sense like first of all It's not literally going to be moving up Uh you know down to the second the Minute the day the week Zone and so Forth but uh here's a 7-Day Bitcoin Chart for those of you looking here's a 7-Day xrp chart xrp has been moving up For most of the last week it has been Moving up bitcoin's mostly been moving Sideways actually until this most recent The fall but if you look at what's been Happening in terms of percentage Decreases here um there actually are Some outliers to the upside like this Isn't like this is rare but you can find Coins that are up in fact Avalanche avax Is up dramatically up 133% so when this Stuff happens it's not that uncommon to
See some outliers but almost everything On this P this is the top 50 coins by Market cap on live coin was almost Everything's in the red and how far down Are some of these things well here's a Coin that's down 6.9% here you have Another one down 5.66% this one's down just shy of 4% There's all sorts of whether it's 2 3 4 5 6 7% it's all over the place this is Actually normal uh Bitcoin happens to be Down almost 3% Bitcoin and then xrp is Down just over 4% we're splitting hairs Here folks xrp is fine it's moving in Tandem with the rest of the market this Isn't weird can we stop it with the BS Nonsense narratives that don't make Sense okay I think it's a lot of it is I I get it it's just people are Emotionally hit and I guess I just need To continue to remind myself that Although I don't feel emotions because Emotions are stupid so I just don't have Them others do others do have emotions And I just mean it when it applies to Trading we're all human but and I get it I get it I used to get scared about Price action too but I I I think it Really is just the impatience and people Really do get scared when there's a Violent uh you know price movement like This it just it does hit people and then You see you can see it in the posts on Social media but I'm telling you it
Doesn't make logical sense to to let Emotions hit you in such a way that You're then letting it flow through your Fingers onto the keyboard and onto the Weber Nets that just doesn't make sense To me because it doesn't make logical Sense like this the fact that this Happened is not an indication that xrp Is going to zero or that it's going to An all-time high it just shows that xrp Is moving in ton with the rest of the Market do you think the the the P the Crypto Pi gets bigger or smaller as time Passes I say way bigger to the tune of Trillions and trillions and then tens of Trillions of dollars that's my bad so no I don't give a damn about this in the Short term but look at this headline From the daily hle crypto Witnesses over $400 million in liquidations as Bitcoin Corrects to $40,000 the crypto markets are Witnessing a massive Surge and Liquidations amid bitcoin's correction Down to a key psychological level the Latest data from the crypto data Aggregator coin glass shows that 119 19,32 Traders were liquidated in the Last 24 hours to the tune of $ 49.8 million folks if you're playing With leverage you're playing with fire You GS to get burnt how about maybe Don't do that anyway the piece continues In the past day Bitcoin dropped to a low
Of around $4,300 on crypto exchanges binance and Coinbase Bitcoin has slightly bounc Since posting the 24-hour low and is Trading at $42,500 at time of writing Traders who were long on bitcoin Suffered the brunt of the corrective Move witnessing losses of more than 90.9 Million over the same period And so What's going on here well funny enough There's actually this post shared the Timing of this this is great uh Scott Milker known as The Wolf of all streets On X $922,000 followers one of the most Well-known guys in all of crypto um he Shared this Bitcoin USD price chart and He he wrote The Following and I'll note That this was at 7:06 p.m. the the crash For Bitcoin started at 7:55 p.m. so this Is You Know This is 40 46 minutes or I'm Sorry I did that backwards 44 minutes uh Before the crash 44 minutes before the Crash 76 p.m. to get started at 7:55 P.m. central Time and it went for 20 Minutes until 8:15 p.m. central Time so Here's what he said 44 minutes before This thing started Bitcoin just closed Its eighth green weekly candle in a row This week's Candle was a monster when correction Sir and so just an understood thing this Why it doesn't make sense to be fearful But there's a lot of fear out there in Social media I get it it's just humans
Being humans but he's recognizing he's Been here for a hotman he gets it it Doesn't go up in a straight line forever Eventually there's a correction this is A Correction um and it's just so funny the Timing of it though like literally he Posts it and then 44 minutes later it Starts you gota love that man uh then There was this post from santiment Crypto has experienced its fastest drop In four months as markets have corrected And caused mild Trader concerns I'll Pause to say uh from some people some People have mild concerns but then if You're talking about not just Traders But typical retail speculators it's it's Not mild concerns it's tremendous Concerns it's completely ridiculous and This is being reported Again by Santiment which does fantastic onchain Analytics work then they wrote there is A high level of BU the dip calls which Typically means that there is a bit of Overe eagerness and fomo on these low Prices here we have perspective from Chart analyst incredible crypto now I've Got three posts from the first one was Actually at 7:21 p.m. central Time which Means that uh this was also uh before The crash so this would have been 34 Minutes before the crash Started and this is just a Bitcoin USD Chart credible crypto wrote The
Following can't rule out something like This at the moment may have mislabeled This last impulse earlier means two Things primarily number one bit of a Deeper dip right now still no sub $40,000 in my opinion so just talking About Bitcoin of course and number two Once the next impulse starts we aren't Going to stop at $50,000 it likely takes us to $660,000 Plus so there you go it's it's just the Timing it it's just it's remarkable Isn't it 34 minutes before this he goes Yeah actually it looks like we're Probably going to have a bit of a deeper Correction so he Scoogle what he thought That might in theory look like that's That's all he's doing here not that Would literally pan out exactly like This or or the timeline necessarily but The bottom of it um you know he's Sharing I guess it would have been the Upper 41,000 end up getting a bit lower Than that but he's sharing a concept Here that's what he's doing and it's Just so funny like in such short order We got this thing and he thinks that as A result of that should that occur that Move to the downside that he's that much More confident that when this thing Corrects back on up to the upside no no No 50,000 that's not what we're talking About anymore he's now thinking $660,000 Plus for Bitcoin and you can imagine you
Can imagine what that means for Allcoins and that's not that far off From a new alltime high for Bitcoin Either I mean you're talking a $60,000 You need about 10 Grand um then there's also this post now This is at 8:16 p.m. 1 minute after the Bottom of the crash uh credible crypto Posted this pretty aggressive flush but Open interest wiped back to Baseline sub $40,000 not met pretty sure that was it Now V reverse it back and so he's Speaking in terms of probability doesn't Mean that it can't go lower but again We're over eight and 1 half hours past When this this thing happened uh he's Like yeah that's pretty much it and at Least to this point it has been like That was that was it and we moved up a Bit and moving sideways and maybe it Takes a hot minute to get out of here uh But probably not that long given the Nature of things right now then there is Also This um credible crypto posted for the First time in a long time notable spot Market buying here while perss are Relatively flat so he's talking about Futures here per premium also completely Wiped out looks like spot takers are Taking advantage of the dip and Aggressively s slurping up the discounts S about Bitcoin here so spot uh so on Spot exchanges activity happening here
And and and the level of 40,000 that is An important psychological level and it H it actually did hold so we'll see what Happen I don't pretend to know what's Going to happen you know I'm not I'm not A I don't make price predictions I'm not The Char I just find it as fascinating As you which is why I love tracking all This stuff and making YouTube videos About it but uh it doesn't that say Something like after that dramatic move The most dramatic as santiment stated in Four months the quickest and then it's Just like n we're going to save about 40,000 there is this post from txmc he Used to work at onchain analytics firm Glass node and he wrote Bitcoin sharp Flush maintained last week's low at $40,000 but rinsed up much uh All the open interest built up since Then a structure intact so far bunch of Alts took 10 to 15% haircuts but a Couple actually went higher a nice Little reset at a key level and I'll not That was at 9:37 p.m. so you're talking About less than an hour and a half after The drop happened or completed I mean Considering for I'm talking about the Bottom of course when I say completed or At least what to this moment is the Bottom right again it's been eight and a Half hours obviously Um and then there is this from onchain Analyst will Clemente with he shared
This with his 696,000 followers on X Bitcoin just doubled in two months with No pullbacks a correction is not that Surprising Corrections shake out weak Hands and leverage allowing for a Stronger foundation for eventual moves Higher bitcoin's volatility is a feature Not a bug chill with the Leverage I like That last part that's some Sage wisdom Yeah maybe chill out with the leverage It isn't like in in an asset class where It's commonplace to have life-changing Wealth like be bestowed upon you with Your Investments and just have thousands Multiple thousands of percent Returns on Multiple assets where this has been the Norm for 15 years there are still some People that are so greedy that on to That's not enough for them we got to Leverage the hell out of this thing so If things don't go well for them in Short order they can just be liquidated What I just I cannot relate to that I Just I cannot relate to that it just Seems like a most ridiculous idea um Here's xrp Community member Frey uh been In crypto since 2011 and actually works In traditional finance and he shared Something which is absolutely correct he Wrote heads up to those that are new to Crypto during bull markets we can get Many large draw Downs in the middle as We move up if I remember correctly in 2017's Bull we had seven or so 30 30%
Plus uh minus pullbacks dollar cost Average win red yeah and and I think That's actually spoton um in terms of The number of Corrections that were at Least 30% down um I was thinking that The number was seven also so I didn't go Back technically and double checking Before recording the video but the Concept getting that across is more Important but I actually do think the Numberers probably correct um there were A lot of those and it didn't mean that Everything was over but it makes people Feel like that right and yes eventually One of those dips means it actually it Was the final one because eventually That was the high for the cycle but uh Know you should expect a lot of these on The way to the top uh then there was This from charts analyst ereg Krypto Talking about xrp this is an xrp USD Chart um xrp color code to $1.40 update the recent flash crash Swiftly cleared out a significant number Of long positions showing the Unpredictable nature of this space it's A Stark reminder that leveraging these Trades can lead to devastating losses Yes that would be Sage wisdom there for Sure xrp Army stays steady our Trajectory towards $1.40 remains Unchanged despite the market turbulence And this is what I see for most I I Checked tons of perspective from tons of
Analysts and this is pretty Much what most are saying really I mean There like there are some that think That things are actually going to get Worse and so I wanted to share that Because it seems like at this point it's Um basically a contrarian Viewpoint Frankly um here's income sharks a very Popular analyst with 457,000 followers On X and again it's harder to find these Types of perspectives but I want to have Something balanced here and so he thinks That uh yeah might be going even lower He says I don't think this is the dip You want to chase we should see sub $40,000 soon that's when we'll see the Panic and selling start then it'll be Time to start buying again well okay I Don't know if he's right I don't know Who's right who's wrong but that's why I Love my strategy which is to buy stuff And then just do literally nothing and Then I don't have to worry about it um But I mean so far we're seeing strength With with Bitcoin staying above $40,000 So we'll find out together what happens Here but either way whatever you think Is most probable I can tell you this it Does not make sense to be fearful in This moment in time I I just I don't see It we are in Bull mode and pullbacks of Tremendous magnitude are normal and this Wasn't this is nowhere near one of the Biggest ones i' seen in a bull market
I've seen way bigger ones than this in a Bull market just take it for what it's Worth I'm not a financial advisor you Should not buy yourself anything because Of anything I say or right that would be A very very very bad idea until next Time to the Moon Lambo
