Just after midnight yesterday, I’d finished writing that it had reclaimed 80K. By midnight tonight, it was back around 75K.
$BTC fell more than 5% in a day, dipping to around 75,400 at its lowest—the first time since September 16. ETH was around 2,250, down more than 7% in a day, while the Nasdaq also fell more than 4%.
Around $1 billion in positions were liquidated in a single day. The longs that piled in just yesterday are probably cursing up a storm tonight.
It hasn’t even been 24 hours since I posted that piece, and this round trip has been remarkably fast.
#BTC #MarketAnalysis
$BTC fell more than 5% in a day, dipping to around 75,400 at its lowest—the first time since September 16. ETH was around 2,250, down more than 7% in a day, while the Nasdaq also fell more than 4%.
Around $1 billion in positions were liquidated in a single day. The longs that piled in just yesterday are probably cursing up a storm tonight.
It hasn’t even been 24 hours since I posted that piece, and this round trip has been remarkably fast.
#BTC #MarketAnalysis