💥Google introduces a new security system to help banks securely store and transfer cryptocurrencies and tokenized assets. Nothing is safe while you're connected to the internet...🤷♂️
💥The Central Bank of Venezuela announced on its website a new foreign exchange intervention scheduled for today. 💵🛒
CryptoQuant CEO Ki Young Ju warns that if Bitcoin falls below US$80,000, cascading liquidations of long positions could drag the cryptocurrency's price down to US$73,000. The area near US$73,000 represents technical support, where the 200-day EMA and key accumulation levels are located, so the liquidation cascade could extend further.
If the price breaks decisively below US$80,000, the sell orders set by exchanges to automatically close leveraged positions that have lost their margin are triggered. In highly leveraged markets, liquidations do not alter BTC's long-term fundamental thesis, but they cause extreme volatility and sharp short-term declines due to the structure of the derivatives market.
#CEO #CryptoQuant #BTC #Google #venezuela $GOOGLB $BTC $GOOGL
💥The Central Bank of Venezuela announced on its website a new foreign exchange intervention scheduled for today. 💵🛒
CryptoQuant CEO Ki Young Ju warns that if Bitcoin falls below US$80,000, cascading liquidations of long positions could drag the cryptocurrency's price down to US$73,000. The area near US$73,000 represents technical support, where the 200-day EMA and key accumulation levels are located, so the liquidation cascade could extend further.
If the price breaks decisively below US$80,000, the sell orders set by exchanges to automatically close leveraged positions that have lost their margin are triggered. In highly leveraged markets, liquidations do not alter BTC's long-term fundamental thesis, but they cause extreme volatility and sharp short-term declines due to the structure of the derivatives market.
#CEO #CryptoQuant #BTC #Google #venezuela $GOOGLB $BTC $GOOGL
