📉 Weekend bloodbath: nearly $2 billion liquidated in 24 hours, $BTC falls below $63,000
Bitcoin fell below $63,000, down more than 8% in 24 hours and hitting a three-month low; $ETH dropped more than 10%, while Solana fell nearly 12%. Around 320,000 traders were liquidated across the market, totaling about $1.96 billion, with long positions accounting for over 90%—a classic long squeeze.
The Fear & Greed Index fell to 13, entering extreme fear territory; spot ETFs saw net outflows of about $1.46 billion this week; and the unrealized loss on Strategy’s 850,000 Bitcoin holdings widened to about $11.1 billion.
My take: Weekend liquidity is thin, which can amplify declines. Don’t chase shorts in a panic, and don’t rush to buy the dip either. The real signals will come from Monday’s ETF flows and the outcome of the battle around the $60,000 level.
Do you think $60,000 will hold? Let’s talk in the comments 👇
#比特币 #以太坊 #加密货币 #MarketAnalysis
⚠️ Just my personal opinion. DYOR and be aware of the risks.
Bitcoin fell below $63,000, down more than 8% in 24 hours and hitting a three-month low; $ETH dropped more than 10%, while Solana fell nearly 12%. Around 320,000 traders were liquidated across the market, totaling about $1.96 billion, with long positions accounting for over 90%—a classic long squeeze.
The Fear & Greed Index fell to 13, entering extreme fear territory; spot ETFs saw net outflows of about $1.46 billion this week; and the unrealized loss on Strategy’s 850,000 Bitcoin holdings widened to about $11.1 billion.
My take: Weekend liquidity is thin, which can amplify declines. Don’t chase shorts in a panic, and don’t rush to buy the dip either. The real signals will come from Monday’s ETF flows and the outcome of the battle around the $60,000 level.
Do you think $60,000 will hold? Let’s talk in the comments 👇
#比特币 #以太坊 #加密货币 #MarketAnalysis
⚠️ Just my personal opinion. DYOR and be aware of the risks.