Liquidations Have Surged in $BTC and Altcoins!
Since last night, #Bitcoin has seen a rise of only $3,000. Following this increase, a significant data point has resurfaced.
We’ve seen liquidations totaling $400 million nearly half a billion dollars. The sheer magnitude of this figure really shows that there are still a lot of traders betting on a downtrend.
Every small rally following a minor dip is triggering major liquidations.
I still believe the trend is upward, but as long as there are this many short positions, it looks like we’ll continue to see liquidation activity for a while longer.
What do you think?
Since last night, #Bitcoin has seen a rise of only $3,000. Following this increase, a significant data point has resurfaced.
We’ve seen liquidations totaling $400 million nearly half a billion dollars. The sheer magnitude of this figure really shows that there are still a lot of traders betting on a downtrend.
Every small rally following a minor dip is triggering major liquidations.
I still believe the trend is upward, but as long as there are this many short positions, it looks like we’ll continue to see liquidation activity for a while longer.
What do you think?
