The more it drops, the more people buy the dip
This week, BTC ground down from 65K to 62.8K
Yet the long/short ratio climbed from 1.16 to 1.87
65% of the accounts are catching a falling knife
Today it broke all the 63K supports—new low 62,700
These long orders are the fuel for the weekend
Liquidity is thin—no one’s catching it on the way up, and all the way down are stop-loss orders
I won’t catch it; let this 65% experience it themselves
This week, BTC ground down from 65K to 62.8K
Yet the long/short ratio climbed from 1.16 to 1.87
65% of the accounts are catching a falling knife
Today it broke all the 63K supports—new low 62,700
These long orders are the fuel for the weekend
Liquidity is thin—no one’s catching it on the way up, and all the way down are stop-loss orders
I won’t catch it; let this 65% experience it themselves