Today is 10/10. Last year, $19 billion was liquidated. This year, $BTC has just bounced to $80k.
$BTC ~$82–83k after a low of ~$80.4k.
A bounce. Still hasn’t broken $87k.
On this day last year: ~$19 billion got wiped out.
In the latest session: ~$1.2 billion. Almost all longs.
$ETH lost ~$356M, $BTC ~$298M.
ETH has a much smaller market cap — longs got liquidated about 6 times harder.
Funds this week:
$BTC −~$700M
$ETH −~$486M
$KAIA +~66% in one day = an outlier candle.
Not “the bottom is in.”
10/10 last year was the day leverage died.
10/10 this year is the day leverage just finished dying.
Are you remembering last year, or chasing the $82k candle?
Do your own research.
$BTC $ETH $KAIA
#BTC #ETH #BinanceSquare
$BTC ~$82–83k after a low of ~$80.4k.
A bounce. Still hasn’t broken $87k.
On this day last year: ~$19 billion got wiped out.
In the latest session: ~$1.2 billion. Almost all longs.
$ETH lost ~$356M, $BTC ~$298M.
ETH has a much smaller market cap — longs got liquidated about 6 times harder.
Funds this week:
$BTC −~$700M
$ETH −~$486M
$KAIA +~66% in one day = an outlier candle.
Not “the bottom is in.”
10/10 last year was the day leverage died.
10/10 this year is the day leverage just finished dying.
Are you remembering last year, or chasing the $82k candle?
Do your own research.
$BTC $ETH $KAIA
#BTC #ETH #BinanceSquare