Market just got absolutely wrecked - imagine a freight train barreling through at full speed!

$Bit took a beating too, no way around it.

We're witnessing some panic selling right after that initial plunge. Silver lining? Still holding above that 20M mcap threshold.

Been watching the trading action unfold.

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SolidityJester

· 3h ago

The metaphor of a freight train is just perfect haha, that's exactly the feeling.

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ArbitrageBot

· 3h ago

The freight train has rolled over, this wave of dumping is indeed harsh, but the 20M is still holding on. --- Why panic? The harder it falls, the greater the opportunity. --- $Bit has really been pressed to the ground this time, but the bottom is still there. --- It's time to buy the dip again, are you all entering a position? --- It seems like a good cleaning, retail investors can puke as they wish. --- After the train has rolled over, what remains are chips. --- So much panic selling indicates that someone is buying in at low levels.

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BottomMisser

· 4h ago

The metaphor of a freight train is indeed spot on.

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OnchainUndercover

· 4h ago

Freight train? Dude, this metaphor is amazing, it feels like the whole market has been crushed. Another panic dumping, same old routine. At least it hasn't fallen below 20M, this is still acceptable, right?

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HypotheticalLiquidator

· 4h ago

The freight train is crashing at full speed... The health factor has already turned red, and this wave of deleveraging's chain reaction has just begun. 20M threshold? Sounds like a false sense of security before the critical point. The panic selling is still accelerating, borrowing rates are soaring, and the dominoes are lined up too neatly. Once systemic risk is triggered, no one can remain unscathed; the heavy blow to $Bit is just the prelude. The liquidation price is still dipping, and I bet this wave of volatility will surge again.

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VibesOverCharts