Just saw this: Over the past 24 hours, $452 million in positions were liquidated across the market: $394 million in longs and $58.06 million in shorts.
I’ve been burned chasing headlines, so these days I pause before reacting to this kind of news.
The bearish news is already in the headline; the rest comes down to how the market prices it.
$BTC latest: 81,736, down 1.83% intraday.