Time to Short Synthetix Network (SNX): Bull Trap Could Be Around the Corner

An unsustainable bear market is obviously happening to cryptos as extreme fear has conquered all the holders’ minds according to the data from major exchanges like Gate.io, Binance, Bybit, and Huobi.

Most unpopular tokens jumped on Sunday night after BTC has reached $20k and ETH broke $1.1k. So Synthetix Network joined the rally too by soaring almost 90% to $3.00.

Last week BTC has shown the same rebound from $20.130 to $23.200 then drastically plunged towards $17k. In a couple of hours, it may go down again by pulling all other cryptos to take a bloody bath. So buying crypto now is the fastest way to lose investments instantly.