$1.1 billion, 24 hours, vanished into thin air.
CoinGlass data: $1.09 billion in liquidations across the crypto market over the past 24 hours, with longs accounting for $1.05 billion (Cointelegraph, Oct. 9). The trigger was the U.S. government moving more than 12,000 BTC—the batch seized from Bitfinex. Of that, $770M went straight to Coinbase Prime, and the market feared it would be dumped.
$BTC plunged to a low of $80,350, its lowest since Sept. 18. Later, Trump said he wouldn’t attack Iran before the midterm elections, easing market jitters and sparking a rebound to $82,500.
My take: whether $82,500 holds will set the direction for the weekend. If it holds, the bulls still have some fight left; if not, $80,000 is next. The weekly candle closes tonight, so this is crucial.
Tap to open $BTC and watch the market 👇
#爆仓 #BTC
Just my personal opinion; this is not investment advice.
CoinGlass data: $1.09 billion in liquidations across the crypto market over the past 24 hours, with longs accounting for $1.05 billion (Cointelegraph, Oct. 9). The trigger was the U.S. government moving more than 12,000 BTC—the batch seized from Bitfinex. Of that, $770M went straight to Coinbase Prime, and the market feared it would be dumped.
$BTC plunged to a low of $80,350, its lowest since Sept. 18. Later, Trump said he wouldn’t attack Iran before the midterm elections, easing market jitters and sparking a rebound to $82,500.
My take: whether $82,500 holds will set the direction for the weekend. If it holds, the bulls still have some fight left; if not, $80,000 is next. The weekly candle closes tonight, so this is crucial.
Tap to open $BTC and watch the market 👇
#爆仓 #BTC
Just my personal opinion; this is not investment advice.