THE BULLS ARE RUNNING OUT OF TIME.
#BTC couldn’t hold above the 200 EMA (S) for even 24 hours. As I mentioned yesterday, we needed at least 2 days of holding in this region to confirm it as support. The result was a true liquidation cascade, wiping out more than $1.9 BILLION in leveraged positions, with over $1.1 BILLION in Bitcoin alone.
I find it particularly interesting when certain influencers, PAID BY BROKERAGES, start their posts by claiming that THE WHALES ARE DUMPING.
So, I’d like to challenge any of them, in Brazil or abroad, to present concrete data on large-wallet movements indicating significant distribution at these levels.
What we’re seeing is a decline driven by other market players. You don’t have to be a genius to ask who is making billions from these liquidations and replenishing their coffers so close to year-end audits.
Now, $65K is becoming the level of greatest interest for both sides. So keep a close eye on this region.
I’m still holding my LONG position in Bitcoin, opened at $63K. Honestly, I intend to increase my position a little more if we continue to struggle around $65K throughout tomorrow.
In the end, the investor who makes the most isn’t necessarily the one who can pinpoint the exact market bottom. It’s the one with the courage and conviction to buy when there’s blood in the streets—even when that blood is their own.
#BTC couldn’t hold above the 200 EMA (S) for even 24 hours. As I mentioned yesterday, we needed at least 2 days of holding in this region to confirm it as support. The result was a true liquidation cascade, wiping out more than $1.9 BILLION in leveraged positions, with over $1.1 BILLION in Bitcoin alone.
I find it particularly interesting when certain influencers, PAID BY BROKERAGES, start their posts by claiming that THE WHALES ARE DUMPING.
So, I’d like to challenge any of them, in Brazil or abroad, to present concrete data on large-wallet movements indicating significant distribution at these levels.
What we’re seeing is a decline driven by other market players. You don’t have to be a genius to ask who is making billions from these liquidations and replenishing their coffers so close to year-end audits.
Now, $65K is becoming the level of greatest interest for both sides. So keep a close eye on this region.
I’m still holding my LONG position in Bitcoin, opened at $63K. Honestly, I intend to increase my position a little more if we continue to struggle around $65K throughout tomorrow.
In the end, the investor who makes the most isn’t necessarily the one who can pinpoint the exact market bottom. It’s the one with the courage and conviction to buy when there’s blood in the streets—even when that blood is their own.
