I spent half the day discussing this with a friend: $86.9994 million in futures positions were liquidated across the market over the past 24 hours, mostly long positions.
The bearish news being out of the way actually reduces uncertainty, but we need to wait for price action to confirm it.
I usually don’t change my plans because of a single news item unless the market gives a signal too.
$BTC (24h +0.7%).
#BTC
The bearish news being out of the way actually reduces uncertainty, but we need to wait for price action to confirm it.
I usually don’t change my plans because of a single news item unless the market gives a signal too.
$BTC (24h +0.7%).
#BTC