Then, over the past 4 hours, Bitcoin moved from support around 81,700 $ to resistance near $83,600.
The result? Nearly $39 million in positions liquidated, including more than $38 million in short positions. 🤦🏽♂️
💔 Since the start of October, Bitcoin alone has already triggered several billion dollars in liquidations across both long and short positions.
The market went from euphoria to neutral sentiment, then swung into extreme fear… in record time. 🎢
That’s the real flip side 😅.
It just goes to show that in the crypto market, everything can change in a matter of minutes. Volatility shows no mercy to overconfidence or poor risk management.
In any case, stay cautious, disciplined, and happy trading, everyone! 👋📊
#trading #crypto #bitcoin
The result? Nearly $39 million in positions liquidated, including more than $38 million in short positions. 🤦🏽♂️
💔 Since the start of October, Bitcoin alone has already triggered several billion dollars in liquidations across both long and short positions.
The market went from euphoria to neutral sentiment, then swung into extreme fear… in record time. 🎢
That’s the real flip side 😅.
It just goes to show that in the crypto market, everything can change in a matter of minutes. Volatility shows no mercy to overconfidence or poor risk management.
In any case, stay cautious, disciplined, and happy trading, everyone! 👋📊
#trading #crypto #bitcoin