🚨🔴 WHAT’S HAPPENING WITH THE CRYPTO MARKET TODAY?
Bitcoin is losing momentum and altcoins are dropping with much more intensity.
But this time it doesn’t seem to be only a cryptocurrency move.
🛢️ Brent Crude: around $105
📈 10Y Treasury: close to 5.35%
💥 More than $700M in crypto liquidations
🔻 Most of the liquidations were LONG positions.
And while the market is coming down, the whales aren’t acting the same either:
🐋 An approximately $352M LONG position of $BTC
and $ETH
continues to be monitored.
🐋 Meanwhile, Machi Big Brother sold 4,700 ETH, assuming approximately $570K in loss.
The question now is:
Are we just seeing a cleanup of leveraged positions or is the market entering a deeper correction? 👀
What are you doing: waiting, looking for SHORT, or waiting for confirmation of a rebound?
Bitcoin is losing momentum and altcoins are dropping with much more intensity.
But this time it doesn’t seem to be only a cryptocurrency move.
🛢️ Brent Crude: around $105
📈 10Y Treasury: close to 5.35%
💥 More than $700M in crypto liquidations
🔻 Most of the liquidations were LONG positions.
And while the market is coming down, the whales aren’t acting the same either:
🐋 An approximately $352M LONG position of $BTC
and $ETH
continues to be monitored.
🐋 Meanwhile, Machi Big Brother sold 4,700 ETH, assuming approximately $570K in loss.
The question now is:
Are we just seeing a cleanup of leveraged positions or is the market entering a deeper correction? 👀
What are you doing: waiting, looking for SHORT, or waiting for confirmation of a rebound?