Huobi is under a lot of pressure. HT dropped from a 24-hour-high of $4.81 to as low as $0.31 on Thursday.
This happened over the span of ten minutes at 9 pm UTC. The price jumped back to $3 in just 30 minutes. Huobi is in a unique position as it has an opportunity to change its course.
The market is seeing a downward trend, with very few exceptions. Maybe we’ll see crypto market make a comeback in the near future.
Fingers are crossed because liquidation of #300 million in a single day doesn’t seem like a very good omen.
