📉 The whole market is taking a beating, while whales are quietly buying the dip?
Last night’s drop was brutal: Bitcoin ($BTC ) briefly fell to $73,650, its lowest level in nearly two months. Ethereum ($ETH ) dropped more than 3% in 24 hours, briefly nearing the $2,000 mark. BNB and SOL fell across the board too.
The liquidation figures hurt even more: over $1.1 billion in positions were liquidated across the market in 24 hours, 90% of them longs. Nearly $500 million in ETH positions were liquidated—more than in BTC. This sell-off is hitting leveraged traders betting on prices going up.
But there’s something interesting in the on-chain data: Santiment says whales accelerated their Bitcoin accumulation as prices pulled back to around $75,000. During times of panic, some people sell—and others step in to buy.
My take is simple: chasing rallies or selling in a panic at levels like these is the easiest way to get burned either way. Waiting for the U.S. CPI data to come out and for the market to pick a direction before making a move is much more reliable than trying to catch the bottom based on gut feeling.
Are you sitting on the sidelines, or have you already started buying in batches? 👇
#比特币 #以太坊 #Cryptocurrency
⚠️ Personal opinion. DYOR and be aware of the risks.
Last night’s drop was brutal: Bitcoin ($BTC ) briefly fell to $73,650, its lowest level in nearly two months. Ethereum ($ETH ) dropped more than 3% in 24 hours, briefly nearing the $2,000 mark. BNB and SOL fell across the board too.
The liquidation figures hurt even more: over $1.1 billion in positions were liquidated across the market in 24 hours, 90% of them longs. Nearly $500 million in ETH positions were liquidated—more than in BTC. This sell-off is hitting leveraged traders betting on prices going up.
But there’s something interesting in the on-chain data: Santiment says whales accelerated their Bitcoin accumulation as prices pulled back to around $75,000. During times of panic, some people sell—and others step in to buy.
My take is simple: chasing rallies or selling in a panic at levels like these is the easiest way to get burned either way. Waiting for the U.S. CPI data to come out and for the market to pick a direction before making a move is much more reliable than trying to catch the bottom based on gut feeling.
Are you sitting on the sidelines, or have you already started buying in batches? 👇
#比特币 #以太坊 #Cryptocurrency
⚠️ Personal opinion. DYOR and be aware of the risks.