#bitcoinoptionsvolatilityhitsfiveyearlow
Damn, Wall Street just pulled out $1.2 billion, and crypto bulls got hit hard! $BTC BTC dropped below $82,000, with $120 million liquidated in one hour!
Guys, BTC had been trading sideways around $84,000, with plenty of people eyeing $85,000 and even starting to look forward to $87,000.
Then the market suddenly turned!
According to the latest market data, BTC fell below $82,000, while ETH also lost the $2,500 level. In just one hour, around $120 million in long positions were liquidated!
The most painful part is that BTC and ETH spot ETFs saw combined net outflows of $1.223 billion last week, and now leveraged longs are being flushed out in force.
With institutional buying cooling off and leveraged positions getting liquidated, a direct short-term reversal won’t be easy!
I’ve said before that if $83,000 failed to hold, $82,000 would be a key level below.
Now $82,000 has been breached too, so I’m still leaning bearish in the short term!
For BTC, I’m watching $81,500 first, then the previous low at $80,300.
For ETH, keep an eye on how much support the $2,450–$2,400 range can provide.
Of course, a bounce could happen at any time after a sharp drop, but I won’t assume the risk is over just because of one bullish candle.
My view is clear: prepare for a possible second test of the lows. Wait for BTC to reclaim and hold above $82,000, then see whether the bulls can take back control!
The cruelest thing about crypto is that one hour you’re calculating how much you could make, and the next you’re calculating how close you are to liquidation.
The people who make it to the next market cycle always put protecting their capital first!
$BTC $ETH
#比特币 #以太坊 #BTC #ETH
👇 Click the link below to go straight there!
Damn, Wall Street just pulled out $1.2 billion, and crypto bulls got hit hard! $BTC BTC dropped below $82,000, with $120 million liquidated in one hour!
Guys, BTC had been trading sideways around $84,000, with plenty of people eyeing $85,000 and even starting to look forward to $87,000.
Then the market suddenly turned!
According to the latest market data, BTC fell below $82,000, while ETH also lost the $2,500 level. In just one hour, around $120 million in long positions were liquidated!
The most painful part is that BTC and ETH spot ETFs saw combined net outflows of $1.223 billion last week, and now leveraged longs are being flushed out in force.
With institutional buying cooling off and leveraged positions getting liquidated, a direct short-term reversal won’t be easy!
I’ve said before that if $83,000 failed to hold, $82,000 would be a key level below.
Now $82,000 has been breached too, so I’m still leaning bearish in the short term!
For BTC, I’m watching $81,500 first, then the previous low at $80,300.
For ETH, keep an eye on how much support the $2,450–$2,400 range can provide.
Of course, a bounce could happen at any time after a sharp drop, but I won’t assume the risk is over just because of one bullish candle.
My view is clear: prepare for a possible second test of the lows. Wait for BTC to reclaim and hold above $82,000, then see whether the bulls can take back control!
The cruelest thing about crypto is that one hour you’re calculating how much you could make, and the next you’re calculating how close you are to liquidation.
The people who make it to the next market cycle always put protecting their capital first!
$BTC $ETH
#比特币 #以太坊 #BTC #ETH
👇 Click the link below to go straight there!