This time, the bulls are up on the tuition
$BTC has been poked at 87,200 today
After a few hours, it was smashed back to around 84,000
Spot is around 84,500
Down about -2.3% for the day
The low got tapped to around 83,900
Across the whole web, total 24-hour liquidations are about $580 million
Long positions are about $330 million
Short positions are about $250 million
In that one hour when it got smashed down, the long positions' share hit the ceiling
This morning we were still talking about shorts getting wrecked first
By the afternoon, the market flipped the direction
Don't chase liquidating orders by adding leverage
First, see who can hold up 8.38–8.50
#Futures #BTC
$BTC has been poked at 87,200 today
After a few hours, it was smashed back to around 84,000
Spot is around 84,500
Down about -2.3% for the day
The low got tapped to around 83,900
Across the whole web, total 24-hour liquidations are about $580 million
Long positions are about $330 million
Short positions are about $250 million
In that one hour when it got smashed down, the long positions' share hit the ceiling
This morning we were still talking about shorts getting wrecked first
By the afternoon, the market flipped the direction
Don't chase liquidating orders by adding leverage
First, see who can hold up 8.38–8.50
#Futures #BTC
