$771 million was liquidated last night, nearly 90% of it from longs—and Bitcoin is still hovering around $83,000 this morning, barely moved.
The ones who got wiped out were all using leverage: a 3–4% move is enough to liquidate you at 20x leverage.
US CPI comes out tonight. Don’t add leverage the night before the data release.
At $82,000, do you think this is a bull-market shakeout or the start of a bear market? #BTC
The ones who got wiped out were all using leverage: a 3–4% move is enough to liquidate you at 20x leverage.
US CPI comes out tonight. Don’t add leverage the night before the data release.
At $82,000, do you think this is a bull-market shakeout or the start of a bear market? #BTC