Over the past 24 hours, $836 million in positions were liquidated across the crypto market, mostly longs.
Here’s the case on both sides:
Bullish case: Even negative news could mean one less source of uncertainty;
Bearish case: Confidence has been shaken, so buyers may be more cautious in the short term;
My take: Both sides have a point. Ultimately, it comes down to what the price and volume at $BTC signal.
$BTC latest: 75764, 24h: -0.67%, 24h range: 74888 ~ 77006.01.
#BTC
Here’s the case on both sides:
Bullish case: Even negative news could mean one less source of uncertainty;
Bearish case: Confidence has been shaken, so buyers may be more cautious in the short term;
My take: Both sides have a point. Ultimately, it comes down to what the price and volume at $BTC signal.
$BTC latest: 75764, 24h: -0.67%, 24h range: 74888 ~ 77006.01.
#BTC
