everyone thinks breaking 84k on $btc is the start of the next leg up but actually those 230m in liquidations just exposed how fragile this market still is.
ngl ser chasing these pumps has wrecked so many accounts. you fomo in thinking it's different this time and next thing your position is gone when the squeeze reverses.
btc ripping through 84k looked clean on the chart. but 230 million got liquidated in the process mostly shorts getting squeezed.
the bigger risk here is the longs that piled in right after. when leverage gets this crowded one sharp dip can trigger a cascade that takes $eth and $sol down with it.
we saw this play out before and it never ends well for the late entries.
where's this going from here?
#Bitcoin #CryptoTrading #Liquidations
ngl ser chasing these pumps has wrecked so many accounts. you fomo in thinking it's different this time and next thing your position is gone when the squeeze reverses.
btc ripping through 84k looked clean on the chart. but 230 million got liquidated in the process mostly shorts getting squeezed.
the bigger risk here is the longs that piled in right after. when leverage gets this crowded one sharp dip can trigger a cascade that takes $eth and $sol down with it.
we saw this play out before and it never ends well for the late entries.
where's this going from here?
#Bitcoin #CryptoTrading #Liquidations
