$BTC The market took a sudden plunge in the dead of night—opportunities are here.
Three pressures hit market sentiment at the same time: escalation of the situation in the Middle East, rising oil prices, and higher U.S. Treasury yields. At the same time, a large amount of leveraged long positions were forcibly liquidated, further amplifying the selloff.
What’s even more noteworthy is that last night, BTC briefly fell below 81,000. In the past 24 hours, the entire market saw liquidations of nearly $974 million, of which about $896 million came from long positions. This shows that deleveraging among longs has been extremely aggressive.
Three pressures hit market sentiment at the same time: escalation of the situation in the Middle East, rising oil prices, and higher U.S. Treasury yields. At the same time, a large amount of leveraged long positions were forcibly liquidated, further amplifying the selloff.
What’s even more noteworthy is that last night, BTC briefly fell below 81,000. In the past 24 hours, the entire market saw liquidations of nearly $974 million, of which about $896 million came from long positions. This shows that deleveraging among longs has been extremely aggressive.