Huobi Token (HT) Flash Crash, Sun ដកប្រាក់ StableCoins ចំនួន 80 លានដុល្លារ

Sun made these transfers after the Huobi token (HT) had a flash crash on Thursday. The token plummeted from a 24-hour-high of $4.81 to a low of $0.31, a drop of 93% in its price. However, a netizen tweeted that the HT-USDT pair recorded sales worth $2M compared to just $600k of buys on Huobi during the five minutes leading up to the crash.

Sun who is a major shareholder of the Huobi exchange stated to sources:

The recent market fluctuations and the leveraged liquidations were caused by a few users triggering a cascade of forced liquidations in the spot and HT contract markets.

Furthermore, while apologizing on behalf of the Huobi exchange, Sun tweeted:

Meanwhile, when considering the 1-day chart below, HT has been fluctuating within a descending triangle. After breaking the triangle, HT started consolidating. Interestingly, the death cross didn’t seem to have an effect on HT when the 50-day MA crossed the 200-day MA from above.

Despite taking a great fall, HT was able to bounce right back to its usual trading area. Moreover, the token is below the lower Bollinger band, hence, there could be a correction in the future. As such, this could be a perfect entry point for those going long. But the question is, will HT surge in the future? Or are there a few more twists to unwind?

ការមិនទទួលខុសត្រូវ៖ ទស្សនៈ និងមតិ ក៏ដូចជាព័ត៌មានទាំងអស់ដែលបានចែករំលែកនៅក្នុងការវិភាគតម្លៃនេះត្រូវបានបោះពុម្ពផ្សាយដោយស្មោះត្រង់។ អ្នកអានត្រូវតែធ្វើការស្រាវជ្រាវដោយខ្លួនឯង និងឧស្សាហ៍ព្យាយាម។ សកម្មភាពណាមួយដែលធ្វើឡើងដោយអ្នកអានគឺស្ថិតក្នុងហានិភ័យផ្ទាល់ខ្លួនរបស់ពួកគេ កាក់បោះពុម្ព និងសាខារបស់វានឹងមិនទទួលខុសត្រូវចំពោះការខូចខាត ឬការបាត់បង់ដោយផ្ទាល់ ឬដោយប្រយោល។

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