{"id":416372,"date":"2020-02-28T16:04:56","date_gmt":"2020-02-28T16:04:56","guid":{"rendered":"https:\/\/wncen.com\/?p=416372"},"modified":"2020-02-28T16:04:56","modified_gmt":"2020-02-28T16:04:56","slug":"sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/","title":{"rendered":"S&amp;P 500 Crash Resembles Illiquid Altcoin Crypto Whale Dump"},"content":{"rendered":"<p>Fears over the possible implications of the coronavirus pandemic have caused the stock market to crash with one of the sharpest one-week declines in the history of the S&amp;P 500, making its chart look like that of an illiquid <a href=\"\/tag\/altcoin\" rel=\"nofollow\">altcoin<\/a>.<\/p>\n<p>How does the comparison stack up? And why are investors in the stock market so shaken up that the selloff so closely matches that of a crypto asset with low liquidity altcoin?<\/p>\n<h2>Stock Market and Crypto Investors Remain Spooked By the Coronavirus<\/h2>\n<p><a href=\"https:\/\/wncen.com\/2020\/02\/26\/gold-coronavirus-bitcoin-safe-haven\/\">Panic over the impact the rapidly spreading virus<\/a> may have on the global economy, ranging from its shutting down of manufacturing facilities to it limiting travel to parts of the world that are particular hotspots for potential infection.<\/p>\n<p>The death toll is rising, and health officials are struggling to prevent the spread of the virus.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2020\/02\/26\/gold-coronavirus-bitcoin-safe-haven\/\">Has the Coronavirus Put an End To the Bitcoin Safe Haven Narrative?\u00a0<\/a><\/strong><\/em><\/p>\n<p>The spread has also reached the <a href=\"https:\/\/wncen.com\/2020\/02\/26\/gold-coronavirus-bitcoin-safe-haven\/\">world of stocks, cryptocurrencies and more<\/a>.<\/p>\n<p>Financial markets have been a complete and utter bloodbath over the last week, as fears over the coronavirus reaching the point of peak pandemic mounts.<\/p>\n<p>Even the <a href=\"https:\/\/en.wikipedia.org\/wiki\/S%26P_500_Index\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">S&amp;P 500<\/a>, a major barometer of the overall health of the largest companies in the United States has dropped nearly 300 points over the last month.<\/p>\n<p>The steep fall over the last week has caused the otherwise stable stock index to resemble the price chart of an illiquid altcoin, that a random crypto whale decided to dump their holdings on in with massive market sell.<\/p>\n<h2>S&amp;P 500 Price Chart Resembles Illiquid Altcoin Dump<\/h2>\n<p>In fact, the chart looks very similar to that of an IEO token, <a href=\"\/tag\/matic\" rel=\"nofollow\">Matic<\/a>, when viewed on different timeframes.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-416374\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/Screen-Shot-2020-02-28-at-9.15.58-AM.png?resize=532%2C488\" alt=\"sp500\" width=\"532\" height=\"488\"><\/p>\n<p>Matic gained notoriety a few months ago when the altcoin experienced a massive pump and dump.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-416375\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/matic.png?resize=544%2C499\" alt=\"\" width=\"544\" height=\"499\"><\/p>\n<p>When comparing the two charts, the price action appears to be similar. Given what happened to Matic in the trading sessions following, the dump in the S&amp;P may be far from over.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-416376\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/Screen-Shot-2020-02-28-at-9.15.34-AM.png?resize=540%2C495\" alt=\"\" width=\"540\" height=\"495\"><\/p>\n<p>Despite the stock market sinking across most major indexes, the Dow Jones Industrial Average \u2013 another major US stock index \u2013\u00a0just triggered a TD 9 buy signal on daily timeframes.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2020\/02\/27\/altcoin-market-trading-volume-reaches-new-crypto-all-time-high\/\">Altcoin Market Trading Volume Reaches New Crypto All-Time High<\/a>\u00a0<\/strong><\/em><\/p>\n<p>Other major stocks and their indexes are also ready to print a perfect TD 9 buy setup on daily timeframes, including <a href=\"\/tag\/apple\" rel=\"nofollow\">Apple<\/a>, and the S&amp;P 500 itself.<\/p>\n<p>With how sharply these normally reliable assets have fallen, they could very well rebound with surprising strength. However, if the coronavirus isn\u2019t better contained in the days ahead, the S&amp;P 500 could continue to look like an illiquid altcoin price chart due to an increase in panic selling an already overextended stock market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fears over the possible implications of the coronavirus pandemic have caused the stock market to crash with one of the sharpest one-week declines in the history of the S&amp;P 500, making its chart look like that of an illiquid altcoin. How does the comparison stack up? And why are investors in the stock market so shaken up that the selloff so closely matches that of a crypto asset with low liquidity altcoin? Stock Market and Crypto Investors Remain Spooked By the Coronavirus Panic over the impact the rapidly spreading virus may have on the global economy, ranging from its shutting down of manufacturing facilities to it limiting travel to parts of the world that are particular hotspots for potential infection. The death toll is rising, and health officials are struggling to prevent the spread of the virus. Related Reading | Has the Coronavirus Put an End To the Bitcoin Safe Haven Narrative?\u00a0 The spread has also reached the world of stocks, cryptocurrencies and more. Financial markets have been a complete and utter bloodbath over the last week, as fears over the coronavirus reaching the point of peak pandemic mounts. Even the S&amp;P 500, a major barometer of the overall health of the largest companies in the United States has dropped nearly 300 points over the last month. The steep fall over the last week has caused the otherwise stable stock index to resemble the price chart of an illiquid altcoin, that a random crypto whale decided to dump their holdings on in with massive market sell. S&amp;P 500 Price Chart Resembles Illiquid Altcoin Dump In fact, the chart looks very similar to that of an IEO token, Matic, when viewed on different timeframes. Matic gained notoriety a few months ago when the altcoin experienced a massive pump and dump. When comparing the two charts, the price action appears to be similar. Given what happened to Matic in the trading sessions following, the dump in the S&amp;P may be far from over. Despite the stock market sinking across most major indexes, the Dow Jones Industrial Average \u2013 another major US stock index \u2013\u00a0just triggered a TD 9 buy signal on daily timeframes. Related Reading | Altcoin Market Trading Volume Reaches New Crypto All-Time High\u00a0 Other major stocks and their indexes are also ready to print a perfect TD 9 buy setup on daily timeframes, including Apple, and the S&amp;P 500 itself. With how sharply these normally reliable assets have fallen, they could very well rebound with surprising strength. However, if the coronavirus isn\u2019t better contained in the days ahead, the S&amp;P 500 could continue to look like an illiquid altcoin price chart due to an increase in panic selling an already overextended stock market.<\/p>\n","protected":false},"author":517,"featured_media":416373,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[134,6664,40670,3738,14695],"class_list":["post-416372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-altcoin","tag-crypto","tag-matic","tag-sp-500","tag-sp500"],"acf":[],"yoast_head":"\n<title>S&amp;P 500 Crash Resembles Illiquid Altcoin Crypto Whale Dump<\/title>\n<meta name=\"description\" content=\"Fears over the possible implications of the coronavirus pandemic have caused the stock market to crash with one of the sharpest one-week declines in the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S&amp;P 500 Crash Resembles Illiquid Altcoin Crypto Whale Dump\" \/>\n<meta property=\"og:description\" content=\"Fears over the possible implications of the coronavirus pandemic have caused the stock market to crash with one of the sharpest one-week declines in the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-28T16:04:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/sp500-altcoin-crypto-market-crash-shutterstock_380066113.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"805\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; Severino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/tonythebullBTC\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony &quot;El Toro&quot; Severino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/\"},\"author\":{\"name\":\"Tony \\\"El Toro\\\" Severino\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"S&amp;P 500 Crash Resembles Illiquid Altcoin Crypto Whale Dump\",\"datePublished\":\"2020-02-28T16:04:56+00:00\",\"dateModified\":\"2020-02-28T16:04:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/\"},\"wordCount\":465,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/sp500-altcoin-crypto-market-crash-shutterstock_380066113.jpg?fit=1000%2C805\",\"keywords\":[\"altcoin\",\"crypto\",\"MATIC\",\"S&amp;P 500\",\"S&amp;P500\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/\",\"url\":\"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/\",\"name\":\"S&amp;P 500 Crash Resembles Illiquid Altcoin Crypto Whale Dump\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/sp500-altcoin-crypto-market-crash-shutterstock_380066113.jpg?fit=1000%2C805\",\"datePublished\":\"2020-02-28T16:04:56+00:00\",\"dateModified\":\"2020-02-28T16:04:56+00:00\",\"description\":\"Fears over the possible implications of the coronavirus pandemic have caused the stock market to crash with one of the sharpest one-week declines in the\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/sp500-altcoin-crypto-market-crash-shutterstock_380066113.jpg?fit=1000%2C805\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/sp500-altcoin-crypto-market-crash-shutterstock_380066113.jpg?fit=1000%2C805\",\"width\":1000,\"height\":805,\"caption\":\"sp500 s&p 500 stock market crypto altcoin crash\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"S&amp;P 500 Crash Resembles Illiquid Altcoin Crypto Whale Dump\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\",\"name\":\"Tony \\\"El Toro\\\" Severino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"caption\":\"Tony \\\"El Toro\\\" Severino\"},\"description\":\"Tony \\\"The Bull\\\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.\",\"sameAs\":[\"https:\/\/coinchartist.io\/\",\"https:\/\/www.instagram.com\/coinchartist_io\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC\",\"https:\/\/www.youtube.com\/@coinchartist_io\"],\"url\":\"https:\/\/wncen.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"S&amp;P 500 Crash Resembles Illiquid Altcoin Crypto Whale Dump","description":"Fears over the possible implications of the coronavirus pandemic have caused the stock market to crash with one of the sharpest one-week declines in the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/","og_locale":"en_US","og_type":"article","og_title":"S&amp;P 500 Crash Resembles Illiquid Altcoin Crypto Whale Dump","og_description":"Fears over the possible implications of the coronavirus pandemic have caused the stock market to crash with one of the sharpest one-week declines in the","og_url":"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2020-02-28T16:04:56+00:00","og_image":[{"width":1000,"height":805,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/sp500-altcoin-crypto-market-crash-shutterstock_380066113.jpg","type":"image\/jpeg"}],"author":"Tony \"El Toro\" Severino","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/tonythebullBTC","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Tony \"El Toro\" Severino","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/"},"author":{"name":"Tony \"El Toro\" Severino","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"S&amp;P 500 Crash Resembles Illiquid Altcoin Crypto Whale Dump","datePublished":"2020-02-28T16:04:56+00:00","dateModified":"2020-02-28T16:04:56+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/"},"wordCount":465,"commentCount":0,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/sp500-altcoin-crypto-market-crash-shutterstock_380066113.jpg?fit=1000%2C805","keywords":["altcoin","crypto","MATIC","S&amp;P 500","S&amp;P500"],"articleSection":["Bitcoin","Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/","url":"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/","name":"S&amp;P 500 Crash Resembles Illiquid Altcoin Crypto Whale Dump","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/sp500-altcoin-crypto-market-crash-shutterstock_380066113.jpg?fit=1000%2C805","datePublished":"2020-02-28T16:04:56+00:00","dateModified":"2020-02-28T16:04:56+00:00","description":"Fears over the possible implications of the coronavirus pandemic have caused the stock market to crash with one of the sharpest one-week declines in the","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/sp500-altcoin-crypto-market-crash-shutterstock_380066113.jpg?fit=1000%2C805","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/sp500-altcoin-crypto-market-crash-shutterstock_380066113.jpg?fit=1000%2C805","width":1000,"height":805,"caption":"sp500 s&p 500 stock market crypto altcoin crash"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"S&amp;P 500 Crash Resembles Illiquid Altcoin Crypto Whale Dump"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d","name":"Tony \"El Toro\" Severino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","caption":"Tony \"El Toro\" Severino"},"description":"Tony \"The Bull\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/wncen.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"S&amp;P 500 Crash Resembles Illiquid Altcoin Crypto Whale Dump","url":"http:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/sp500-altcoin-crypto-market-crash-shutterstock_380066113.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/sp500-altcoin-crypto-market-crash-shutterstock_380066113.jpg?fit=1000%2C805"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","crypto","matic","s&amp;p 500","s&amp;p500"],"dateCreated":"2020-02-28T16:04:56Z","datePublished":"2020-02-28T16:04:56Z","dateModified":"2020-02-28T16:04:56Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"S&amp;P 500 Crash Resembles Illiquid Altcoin Crypto Whale Dump\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/sp-500-crash-resembles-illiquid-altcoin-crypto-whale-dump\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/sp500-altcoin-crypto-market-crash-shutterstock_380066113.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/sp500-altcoin-crypto-market-crash-shutterstock_380066113.jpg?fit=1000%2C805\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"crypto\",\"matic\",\"s&amp;p 500\",\"s&amp;p500\"],\"dateCreated\":\"2020-02-28T16:04:56Z\",\"datePublished\":\"2020-02-28T16:04:56Z\",\"dateModified\":\"2020-02-28T16:04:56Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/sp500-altcoin-crypto-market-crash-shutterstock_380066113.jpg?fit=1000%2C805","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/416372"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=416372"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/416372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/416373"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=416372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=416372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=416372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}