Nearly $1 billion in long positions liquidated overnight
The group was just saying “$80K is holding” a little while ago. Then we woke up to a sea of red on the liquidation charts: about $873 million in liquidations across the market over the past 4 hours, with long positions accounting for 90%; over $1 billion in 24 hours, with more than 200,000 traders liquidated. BTC plunged to around $75,500, while ETH fell more than 6%. One whale even took advantage of the dip to snap up 10,000 ETH on Coinbase for about $23.28 million.
Don’t mistake a “dip” for a free lunch. First, see whether $76,000 can hold.
Buy the dip now or wait for another drop? Comment 1 to buy the dip, 2 to wait for another drop
$BTC $ETH
The group was just saying “$80K is holding” a little while ago. Then we woke up to a sea of red on the liquidation charts: about $873 million in liquidations across the market over the past 4 hours, with long positions accounting for 90%; over $1 billion in 24 hours, with more than 200,000 traders liquidated. BTC plunged to around $75,500, while ETH fell more than 6%. One whale even took advantage of the dip to snap up 10,000 ETH on Coinbase for about $23.28 million.
Don’t mistake a “dip” for a free lunch. First, see whether $76,000 can hold.
Buy the dip now or wait for another drop? Comment 1 to buy the dip, 2 to wait for another drop
$BTC $ETH
