IT Tech
Coordinated FAKE NEWS about US government selling Bitcoins leads to second-largest long liquidations in 2023
Yesterday, you may have seen coordinated FAKE NEWS about the US government selling Bitcoins. (https://twitter.com/WhaleChart/status/1656350642426740740?s=20) Whale chart is one of the worst accounts to follow, in my humble opinion, because it often publishes FAKE NEWS without any sources. It has only one source called: "Trust me, bro". Many accounts retweeted this news without any fact-checking, and as a result, we saw the second-largest long liquidations in 2023, with over $36M being liquidated within one hour. When playing with leverage, it is essential to be careful and use stop losses. Remember to practice risk management. Fortunately, we can verify this type of news using on-chain data. CryptoQuant has prepared a dashboard to track the US government-owned Bitcoins. You can check the dashboard by clicking "Go to live chart". DO NOT TRUST - VERIFY.