I swear, I've seen so many people holding LONG positions on $BTC
with massive unrealized losses, some even running into millions of dollars.
And they're still hoping $BTC will somehow recover to $90K.
Looking at this, I honestly feel like the market won't make a real move up until a lot of these longs get liquidated.
But here's what keeps confusing me. What if this is actually the bottom?
$BTC has been dumping slowly, and I wouldn't be surprised if we get one final massive dump to wipe out those remaining longs.
There's definitely a chance, but I could be wrong.
I'm genuinely confused about BTC today. Time will tell how this plays out.
Btw, at what price are you guys planning to buy Bitcoin?
#BTC
with massive unrealized losses, some even running into millions of dollars.
And they're still hoping $BTC will somehow recover to $90K.
Looking at this, I honestly feel like the market won't make a real move up until a lot of these longs get liquidated.
But here's what keeps confusing me. What if this is actually the bottom?
$BTC has been dumping slowly, and I wouldn't be surprised if we get one final massive dump to wipe out those remaining longs.
There's definitely a chance, but I could be wrong.
I'm genuinely confused about BTC today. Time will tell how this plays out.
Btw, at what price are you guys planning to buy Bitcoin?
#BTC