I just dug up some key figures from a Bitfinex report: On October 8, the crypto market saw $1.18 billion in liquidations, and $BTC plunged to a low of 80,347.
After pulling back 7.9% from the high of 87,197, all the bagholders are now stuck above the ETF cost-basis line at 84,340. There’ll be plenty of selling pressure if the price bounces back to that level.
Don’t rush to go all in. Keep at least 30% in cash and wait for CPI to come out. Consider buying in stages only if core CPI rises no more than 0.2% month over month.
The Binance KGST/USDT zero-fee promotion is ending soon, and you can still compete for the prize pool by trading related assets. Take a look if you’re interested.
Do you think $BTC can get above 84,500 this time? Comment 1 if you think it can, or 2 if you think it can’t.
#Write2Earn #BinanceSquare #BTC ETF #TradingTournament
After pulling back 7.9% from the high of 87,197, all the bagholders are now stuck above the ETF cost-basis line at 84,340. There’ll be plenty of selling pressure if the price bounces back to that level.
Don’t rush to go all in. Keep at least 30% in cash and wait for CPI to come out. Consider buying in stages only if core CPI rises no more than 0.2% month over month.
The Binance KGST/USDT zero-fee promotion is ending soon, and you can still compete for the prize pool by trading related assets. Take a look if you’re interested.
Do you think $BTC can get above 84,500 this time? Comment 1 if you think it can, or 2 if you think it can’t.
#Write2Earn #BinanceSquare #BTC ETF #TradingTournament