$6 billion wiped out in 16 days.
Since October 29, five waves of massive liquidations have wiped out nearly $6 billion, with more than 80% of them being longs.
BTC is down 15% over the past month and is still hovering around 68,900.
I don’t think clearing everyone out means we’ve hit the bottom. It just means there’s temporarily no one left to liquidate.
In the next wave, will longs get wiped out again, or will it be the shorts’ turn? I wouldn’t bet on longs. Which side are you on?
@Binance_News $BTC #BTC #Binance
Since October 29, five waves of massive liquidations have wiped out nearly $6 billion, with more than 80% of them being longs.
BTC is down 15% over the past month and is still hovering around 68,900.
I don’t think clearing everyone out means we’ve hit the bottom. It just means there’s temporarily no one left to liquidate.
In the next wave, will longs get wiped out again, or will it be the shorts’ turn? I wouldn’t bet on longs. Which side are you on?
@Binance_News $BTC #BTC #Binance
