Everyone, this wave of leveraged liquidations was brutal 😱! Over the past 24 hours, total liquidations across the market reached $1.08 billion, with nearly 90% of them being long positions wiped out. More than 200,000 traders got caught in it. One whale was liquidated eight times in a row, losing nearly $15.6 million in one go—their wallet was drained completely!
The trigger was a sharp drop in the Nasdaq that dragged everything down with it. $BTC
fell to around $76,000, sending the market straight into panic mode. Strong support is now at 74438, with resistance at 78003. Although some big players are bullish and are looking to enter around $75,000, long positions are still heavily crowded. Another sell-off could easily trigger a fresh cascade of liquidations, so be careful with leverage!#BTC
The trigger was a sharp drop in the Nasdaq that dragged everything down with it. $BTC
fell to around $76,000, sending the market straight into panic mode. Strong support is now at 74438, with resistance at 78003. Although some big players are bullish and are looking to enter around $75,000, long positions are still heavily crowded. Another sell-off could easily trigger a fresh cascade of liquidations, so be careful with leverage!#BTC
