The people who bought into a Greed Index reading of 69 at noon and shouted “Straight to $85K and the bull market is back!” got targeted for liquidation again before they’d even finished dinner.
$BTC briefly touched $84,186 in the afternoon, then got whacked back down to $82,800 ahead of the U.S. market open. More than $130 million in long positions were liquidated in just four hours. This price action might as well have “longs only” stamped on the candlesticks.
The short-term holder cost basis at $84,300 is like an iron gate. Above it, spot buying is nowhere to be found, and the whole thing is being propped up in midair by a bunch of high-leverage degens and their open interest. Going all-in at resistance before Tuesday’s CPI numbers are even out is just asking for the exchange to collect your fees faster.
$BTC #合约爆仓 #加密行情
$BTC briefly touched $84,186 in the afternoon, then got whacked back down to $82,800 ahead of the U.S. market open. More than $130 million in long positions were liquidated in just four hours. This price action might as well have “longs only” stamped on the candlesticks.
The short-term holder cost basis at $84,300 is like an iron gate. Above it, spot buying is nowhere to be found, and the whole thing is being propped up in midair by a bunch of high-leverage degens and their open interest. Going all-in at resistance before Tuesday’s CPI numbers are even out is just asking for the exchange to collect your fees faster.
$BTC #合约爆仓 #加密行情