The market was just hit hard this Monday.
Inflation data reignited bets on Fed interest rates. As a result, leveraged traders’ positions took a major hit.
We’re talking about nearly $1 billion liquidated in a matter of hours. The bulls who were heavily leveraged ended up paying the price for this volatility.
It’s a reminder of how quickly the wind can change when macroeconomic data surprises us.
What caught your attention most about this move in $BTC ?
#Bitcoin #Crypto #Market
Inflation data reignited bets on Fed interest rates. As a result, leveraged traders’ positions took a major hit.
We’re talking about nearly $1 billion liquidated in a matter of hours. The bulls who were heavily leveraged ended up paying the price for this volatility.
It’s a reminder of how quickly the wind can change when macroeconomic data surprises us.
What caught your attention most about this move in $BTC ?
#Bitcoin #Crypto #Market