$BTC
In 24 hours, $1.26 billion was liquidated across the market.
173,000 people lost their positions.
86% were long positions.
Put simply, they all got wiped out trying to buy the dip.
BTC dropped from $70,000 to $66,456 in a single day.
Every time it fell another leg, someone thought, “This price is a bargain.”
They jumped in, added leverage, then it fell another leg and another wave got liquidated.
One batch after another got wiped out.
Same story with ETH: $256 million liquidated, with over 70% of those positions being longs.
I’m not saying whether $67,000 is expensive or cheap.
What I’m saying is: when the trend is down, every time you “buy the dip,” you’re fighting the trend.
The RSI is already at 23—about as oversold as it gets—yet it can still keep falling.
Oversold doesn’t mean it’s the bottom, and a Fear and Greed Index of 13 doesn’t mean it’s the bottom either.
The bottom has to form; you can’t just guess it.
My longtime followers know how I’ve handled this run.
I’m not going long until we reclaim $71,000. The 200-week moving average at $67,900 was breached intraday, so I’m waiting for Sunday’s close to see where things stand.
$65,000 is the next level. If we get there, I’ll see how the market reacts and go from there.
Until then, if you’re itching to do something, just watch—don’t trade.
Leverage makes you feel like a genius when prices are rising,
but when they fall, it can knock you back to reality in a single night.
Keep your position alive, and you’ll have another shot.
Those of you who bought the dip this time—did you get liquidated, or are you still holding on?
Tell me in the comments. I want to see how many of you guys are waiting like I am.
Personal analysis, not investment advice.
#BTC
In 24 hours, $1.26 billion was liquidated across the market.
173,000 people lost their positions.
86% were long positions.
Put simply, they all got wiped out trying to buy the dip.
BTC dropped from $70,000 to $66,456 in a single day.
Every time it fell another leg, someone thought, “This price is a bargain.”
They jumped in, added leverage, then it fell another leg and another wave got liquidated.
One batch after another got wiped out.
Same story with ETH: $256 million liquidated, with over 70% of those positions being longs.
I’m not saying whether $67,000 is expensive or cheap.
What I’m saying is: when the trend is down, every time you “buy the dip,” you’re fighting the trend.
The RSI is already at 23—about as oversold as it gets—yet it can still keep falling.
Oversold doesn’t mean it’s the bottom, and a Fear and Greed Index of 13 doesn’t mean it’s the bottom either.
The bottom has to form; you can’t just guess it.
My longtime followers know how I’ve handled this run.
I’m not going long until we reclaim $71,000. The 200-week moving average at $67,900 was breached intraday, so I’m waiting for Sunday’s close to see where things stand.
$65,000 is the next level. If we get there, I’ll see how the market reacts and go from there.
Until then, if you’re itching to do something, just watch—don’t trade.
Leverage makes you feel like a genius when prices are rising,
but when they fall, it can knock you back to reality in a single night.
Keep your position alive, and you’ll have another shot.
Those of you who bought the dip this time—did you get liquidated, or are you still holding on?
Tell me in the comments. I want to see how many of you guys are waiting like I am.
Personal analysis, not investment advice.
#BTC
