SILVER MASSACRE IN CHINA! 🚨

Bạc (Silver) got absolutely hammered on the SHFE, dumping over 20% intraday before closing down -10%. Massive margin calls triggered across the board due to insane leverage.

Why the bloodbath?

• MIIT confirmed a crackdown on solar panel overcapacity, cutting a huge industrial demand source for $XAG.

• Rumor is Bian Ximing, the trader who made $3B on gold, is massively short $XAI on SHFE, potentially sitting on $300M unrealized profit.

$BTC also took a hit, dropping near -15% towards 59K. Wall Street suggests silver holders dumped $BTC to cover margin calls. $XAU (Gold) barely moved, showing the real flight to safety. $XAG is NOT $XAU.

#SilverCrash #XAG #MarginCall #CryptoMarket 📉

XAGUSDT

Perp

78.97

-4.93%