🚨 $BTC PANIC: BITCOIN FALLS BELOW $64,000 AND LONGS BLEED OUT IN AN HOUR
To me, the most brutal thing about the day isn’t the drop itself: Bitcoin broke below $65,000 and then $64,000 in the middle of Saturday afternoon, and in just one hour the market liquidated $691 million, almost all of it from people betting on a rebound.
Look at the detail no one is noticing:
→ Of the $691 million liquidated in one hour, $671 million was in long positions and only $19.5 million was in shorts: 97% of the pain was felt by those who believed in a rebound.
→ U.S. Bitcoin ETFs have seen outflows for 7 straight days: $185.4 million on Friday alone and $1,910 million since November 5.
→ The Fear and Greed Index fell to 13, extreme fear, and Bitcoin is now down 13.5% for the week, its lowest level since August 19.
Do you think $63,000 will hold, or will Bitcoin head for $60,000? 👇
$BTC $ETH $SOL
#Bitcoin #Liquidaciones #MarketPanic
To me, the most brutal thing about the day isn’t the drop itself: Bitcoin broke below $65,000 and then $64,000 in the middle of Saturday afternoon, and in just one hour the market liquidated $691 million, almost all of it from people betting on a rebound.
Look at the detail no one is noticing:
→ Of the $691 million liquidated in one hour, $671 million was in long positions and only $19.5 million was in shorts: 97% of the pain was felt by those who believed in a rebound.
→ U.S. Bitcoin ETFs have seen outflows for 7 straight days: $185.4 million on Friday alone and $1,910 million since November 5.
→ The Fear and Greed Index fell to 13, extreme fear, and Bitcoin is now down 13.5% for the week, its lowest level since August 19.
Do you think $63,000 will hold, or will Bitcoin head for $60,000? 👇
$BTC $ETH $SOL
#Bitcoin #Liquidaciones #MarketPanic
