🚨 $1.09 BILLION IN LIQUIDATIONS! AN EXTREMELY HIGH FIGURE
$BTC fell to the $80,000 level last night. With this drop, liquidations have exceeded $700 million in the last 16 hours.
Looking at the last 24 hours, the total has surpassed $1.1 billion. So, what was the real reason behind this drop? Everyone is asking the same question.
Right now, there’s no specific major news affecting the market, but there is one situation I’ve been highlighting for days: aggressive market moves aimed at triggering liquidations. This has been happening for about a month, ever since prices broke above the $80,000 level. I think we’ll dip slightly below that level, but I don’t think we’ll stay there for long.
Therefore, until the next interest rate decision is announced, this volatility and the market’s lack of confidence in finding a direction will continue to drive liquidation volume.
Which direction do you think prices will go? DYOR
$BTC fell to the $80,000 level last night. With this drop, liquidations have exceeded $700 million in the last 16 hours.
Looking at the last 24 hours, the total has surpassed $1.1 billion. So, what was the real reason behind this drop? Everyone is asking the same question.
Right now, there’s no specific major news affecting the market, but there is one situation I’ve been highlighting for days: aggressive market moves aimed at triggering liquidations. This has been happening for about a month, ever since prices broke above the $80,000 level. I think we’ll dip slightly below that level, but I don’t think we’ll stay there for long.
Therefore, until the next interest rate decision is announced, this volatility and the market’s lack of confidence in finding a direction will continue to drive liquidation volume.
Which direction do you think prices will go? DYOR