🚨 BINANCE VOLATILITY ALERT! WHAT REALLY HAPPENED?
🧹 THE FUTURES PURGE: Binance’s derivatives market was at the epicenter of the move. The price of $BTC experienced volatility as it sought support around $83,400.
🐋 HISTORIC LIQUIDATION: On-chain data reveals that the largest single liquidation in the entire crypto market took place on Binance: a single BTC/USDT long position was forced to close at $81,772, for $9.65 million!
📊 SPOT SUPPORT: On Binance’s Spot market, the order books show an intense battle between buyers and sellers, with liquidity clusters defending the key zone above $81,500. As long as this floor holds, the “Uptober” macro structure is still alive.
Will Binance’s bulls manage to defend this support and aim for $87K, or will we sweep more liquidity below before the next macro report? 👇
$BTC $ETH #SOL #XRP
🧹 THE FUTURES PURGE: Binance’s derivatives market was at the epicenter of the move. The price of $BTC experienced volatility as it sought support around $83,400.
🐋 HISTORIC LIQUIDATION: On-chain data reveals that the largest single liquidation in the entire crypto market took place on Binance: a single BTC/USDT long position was forced to close at $81,772, for $9.65 million!
📊 SPOT SUPPORT: On Binance’s Spot market, the order books show an intense battle between buyers and sellers, with liquidity clusters defending the key zone above $81,500. As long as this floor holds, the “Uptober” macro structure is still alive.
Will Binance’s bulls manage to defend this support and aim for $87K, or will we sweep more liquidity below before the next macro report? 👇
$BTC $ETH #SOL #XRP