Bitcoin dropped below $81,000 today. Nearly $1 billion in liquidations.
Why? September inflation came in hotter than expected. Rate hike fears returned.
But here is what beginners should understand:
This is a leverage flush. Not a trend reversal.
Traders who bet with borrowed money got wiped out. The forced selling created a cascade.
Watch $80,000. If it holds, the uptrend is intact.
Do not panic.
#Bitcoin #CryptoMarket
Why? September inflation came in hotter than expected. Rate hike fears returned.
But here is what beginners should understand:
This is a leverage flush. Not a trend reversal.
Traders who bet with borrowed money got wiped out. The forced selling created a cascade.
Watch $80,000. If it holds, the uptrend is intact.
Do not panic.
#Bitcoin #CryptoMarket