$BTC
Bullish: shorts are overextended at -$20B (up from -$12B).
Bearish: low-leverage longs from $85K have liquidations all the way down to $64K.
A short-term relief bounce makes sense.
But in the bigger picture, $64K is still on the map.
#BTC #Bitcoin #Liquidations #CryptoAnalysis
Bullish: shorts are overextended at -$20B (up from -$12B).
Bearish: low-leverage longs from $85K have liquidations all the way down to $64K.
A short-term relief bounce makes sense.
But in the bigger picture, $64K is still on the map.
#BTC #Bitcoin #Liquidations #CryptoAnalysis
