📉 Bitcoin closed below the 50-week MA, with over $1 billion in long positions liquidated in 24 hours.
📌 Losing the 50-week support level has weakened sentiment, forcing investors to reconsider their strategies.
📌 Liquidations of long positions exceeding $1 billion reflect the market's previously high leverage.
Capital flows are cautious, and correction pressure could spread to $ETH , $BNB if $BTC hasn't held support.
💬 Are you staying defensive while waiting for a signal, or buying the dip at this level?
#Bitcoin #CryptoNews
🔗 Source: The Block
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).
📌 Losing the 50-week support level has weakened sentiment, forcing investors to reconsider their strategies.
📌 Liquidations of long positions exceeding $1 billion reflect the market's previously high leverage.
Capital flows are cautious, and correction pressure could spread to $ETH , $BNB if $BTC hasn't held support.
💬 Are you staying defensive while waiting for a signal, or buying the dip at this level?
#Bitcoin #CryptoNews
🔗 Source: The Block
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).
