$BTC wicked to $73.5K overnight.
Lowest since August.
$1B liquidated. 90% were longs.
My take:
This wasn't the market crashing.
It was leverage getting cleaned out.
The ones who got wiped were borrowing to be brave.
Spot holders are still standing.
Shakeout or the start of something worse?
Lowest since August.
$1B liquidated. 90% were longs.
My take:
This wasn't the market crashing.
It was leverage getting cleaned out.
The ones who got wiped were borrowing to be brave.
Spot holders are still standing.
Shakeout or the start of something worse?