THE MARKET CAN GO SOUTH REALLY FAST

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While I am wrapping my head around #Nicole coming over to bother us later Wednesday, I come to grasp into the drama within #FTX and #Binance. Usually it is uncommon to witness hurricane way past October, even to think November. With the impetus of climate change it will be soon year round, weather issue in the Sunshine State. Even though the weather is humid, I love my State. Hope for the best for Wednesday afternoon.
In the same token, I saw the market flipping on its head. When two giants are doing a unbalancing act, the market reacts. 32% to date, #FTX dropped to weather the storm. I can hardly imagine whoever hold #FTT feels right now.

It is clear who is the big dawg in this melodrama. Pardon my English, it is a serious matter when you see how it affects the whole market. It seems the minute the market is heading to a direction, somehow the wind of confidence comes to switch sides. Looking into what #binance CEO is saying could have implications going down the line. If you are part of #Hive, you know how hard to earn more #hive. It does matter for a company to know the ifs and buts of capitals and allocation. It could be dumbfound of a threat but there is something that trigger it in the first place.

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While they both exchange #tweets, you can see what happened to the market top tokens. Questions do arise, putting pressure on the whole exchange sphere to come out clean about their business deal. There is a slight mistrust wrapping around a lack of confidence. Time will clear the air. Before everything settles, crypto companies will have to adhere with the same business model of keeping their business in the eye of everyone. Manipulation will not help anyone. What #Binance does, is a simple matter of injecting fear in the market. It works and it will crater the ones who try to trade when volatility is at its highest.

Lately FTX has been playing the Savior all over by helping to rescue many companies like #Voyager and others. It feels a little bit weird for now that they are not as stable as we expect. As you probably heard, #Alameda is holding more they can chew on their balance sheets including a huge amount of #FTT tokens. It remains to be seen how this drop affects the whole market. Today is a day of decision. We have the whole week to pay attention of the sliding effect is for real.

If you are paying close attention to the market, this is what volatility is when it encounter liquidity crunch. Either you hold long or short, someone will pay for it. I know crypto is resilient and rectification and transparent can heal and find common grounds between all exchanges. For now #Binance has the upper hand. I hope #FTX plays its cards and stay positive to keep the market afloat.
It is not easy. The reaction is real. Lack of liquidity with any slight of delay can jump any speculation within 5 hours.
It could be a simple test to see how #FTX is doing.

You probably remember #Coinbase used to freeze when there is a huge spike in trading. Volatility is high and the site just stops working. Let's hope it is just an hiccup for the moment.
Even Hive felt the contagion in the making. This is the falling fruit effect. One major crypto is having issues, the whole market reacts.
Now if you are a holder, it helps to remind yourself where to stand. it could be a time of great redemption. Prices cool off again, prompting for restocking.
I am still positive on November to keep the green light going. Glad it is early on the month, as the week goes by the truth, the liabilities, the expectation will have to reveal itself.
This is crypto after all where everything should be in the open for the ones with the right eye to discern what will enfold.
Let's keep it civil and positive.

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