๐จ BTC JUST BROKE ITS SEPTEMBER SUPPORT โ BUT THE LEVERAGE BOMB IS MISSING!
Bitcoin slid under $82,300 โ its September 28 low โ and is trading at $81,576, down 1.85% in 24 hours.
ETH is at $2,471 (-3.69%), SOL $110.04 (-4.57%), BNB $733.18 (-4.63%), XRP $1.37 (-2.57%).
Here's the catch:
๐ Wednesday's flush liquidated ~$248M per 1% drop โ 9x SMALLER than the $2.2B per 1% in the October 10 crash.
๐ Funding topped 8% on just 1 of 28 exchange-days this week (vs 18 of 32 before 10-10). Longs aren't crowded yet.
โ ๏ธ But open interest is up 4% in 7 days and ETH leverage is back near pre-crash share โ the fuse is being re-lit.
Trader read: this looks like a reset, not a cascade.
Reclaiming $86,000 confirms the reset held. Losing it with funding back above 8% brings the 10-10 echo back into play.
Is this the calm after the storm โ or the reload? ๐
Not financial advice โ educational purposes only.
#Bitcoin #Ethereum #crypto #TradingTips
$BTC $ETH $SOL
Bitcoin slid under $82,300 โ its September 28 low โ and is trading at $81,576, down 1.85% in 24 hours.
ETH is at $2,471 (-3.69%), SOL $110.04 (-4.57%), BNB $733.18 (-4.63%), XRP $1.37 (-2.57%).
Here's the catch:
๐ Wednesday's flush liquidated ~$248M per 1% drop โ 9x SMALLER than the $2.2B per 1% in the October 10 crash.
๐ Funding topped 8% on just 1 of 28 exchange-days this week (vs 18 of 32 before 10-10). Longs aren't crowded yet.
โ ๏ธ But open interest is up 4% in 7 days and ETH leverage is back near pre-crash share โ the fuse is being re-lit.
Trader read: this looks like a reset, not a cascade.
Reclaiming $86,000 confirms the reset held. Losing it with funding back above 8% brings the 10-10 echo back into play.
Is this the calm after the storm โ or the reload? ๐
Not financial advice โ educational purposes only.
#Bitcoin #Ethereum #crypto #TradingTips
$BTC $ETH $SOL