$BTC was still hovering around $81,500 this morning, but by noon it had slipped to $80,400—just over $400 away from the key $80,000 level.
From the daily high of $84,000, it’s shed $3,600 in a day. Liquidations over the past 24 hours hit $455 million, with longs accounting for 87.5%. 110,000 traders got wiped out, and those chasing the highs mostly got wrecked.
PPI, retail sales, and initial jobless claims are all due at 20:30 tonight. At these levels, I’ll wait and see rather than bet ahead of time.
#BTC #PPI
From the daily high of $84,000, it’s shed $3,600 in a day. Liquidations over the past 24 hours hit $455 million, with longs accounting for 87.5%. 110,000 traders got wiped out, and those chasing the highs mostly got wrecked.
PPI, retail sales, and initial jobless claims are all due at 20:30 tonight. At these levels, I’ll wait and see rather than bet ahead of time.
#BTC #PPI