The liquidations in this round were substantial.
Long positions worth $1.68 million were liquidated at $BTC , down 2.58% over 24 hours.
After a string of long liquidations, excess bullish leverage in the market will be flushed out, leaving room for a rebound once selling pressure has eased.
Would you chase the move or wait?
Personal notes only; this is not a recommendation to trade.
Long positions worth $1.68 million were liquidated at $BTC , down 2.58% over 24 hours.
After a string of long liquidations, excess bullish leverage in the market will be flushed out, leaving room for a rebound once selling pressure has eased.
Would you chase the move or wait?
Personal notes only; this is not a recommendation to trade.