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Ethereum Plunges 8% in Flash Crash—Then Bulls Charge Back With Vengeance
Ethereum Plunges 8% in Flash Crash—Then Bulls Charge Back With Vengeance
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Ethereum got sucker-punched today—an 8% nosedive in minutes had traders scrambling. But crypto's second-largest asset didn't stay down for long.
The rebound was textbook: institutional buy walls appeared, derivatives traders covered shorts, and ETH clawed back most losses before lunch. Classic crypto volatility—where 'risk management' means praying your stop-loss triggers before the liquidity vanishes.
Meanwhile in traditional finance: bond traders are still waiting for their 1% daily move. How quaint.
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