Over the past 24 hours, $355 million in crypto futures positions were liquidated across the market, mostly long positions.
Here are the bull and bear cases:
Bullish case: The bad news is now out, which means one less uncertainty.
Bearish case: Sentiment has taken a hit, so short-term traders may become more cautious.
My take: Both sides have a point. Ultimately, it comes down to the volume and price action of $BTC .
$BTC is currently at 81102.27, down 0.52% over 24 hours, with a 24-hour range of 80819.66–82295.47.
#BTC
Personal notes only; not a recommendation to buy or sell.
Here are the bull and bear cases:
Bullish case: The bad news is now out, which means one less uncertainty.
Bearish case: Sentiment has taken a hit, so short-term traders may become more cautious.
My take: Both sides have a point. Ultimately, it comes down to the volume and price action of $BTC .
$BTC is currently at 81102.27, down 0.52% over 24 hours, with a 24-hour range of 80819.66–82295.47.
#BTC
Personal notes only; not a recommendation to buy or sell.