A look at the market from a capital-flow perspective: Data: If BTC falls below $77,125, the cumulative liquidation amount for long positions on major CEXs will reach $1.37 billion.
When news breaks, two things often happen at the same time:
Early movers take profits.
Funds that arrive after seeing the news step in.
Whichever side has more buying or selling power determines where the price goes. $BTC 24h trading volume: $1.044 billion. Watch for any unusual spike in volume.
I may be wrong, so don’t treat this as advice.
When news breaks, two things often happen at the same time:
Early movers take profits.
Funds that arrive after seeing the news step in.
Whichever side has more buying or selling power determines where the price goes. $BTC 24h trading volume: $1.044 billion. Watch for any unusual spike in volume.
I may be wrong, so don’t treat this as advice.
