I bought the dip on gold yesterday, and today I bought the dip on Bitcoin and Ethereum. If I get trapped at this price, so be it 😅
I spent all last night scrolling through Binance Square and Twitter, and saw quite a few big players lose millions or tens of millions. It was truly horrifying‼️
Personally, I feel the liquidations in this downturn have been even larger than when Bitcoin fell below 60k a few months ago. I think the reason is that this rebound from 58k to 87k looked so much like the bull market was back, tricking plenty of big players into going long above 80k—or at the very least, getting in at 76k. So when Bitcoin fell to the 60-thousand range, they just couldn’t hold on anymore. Same goes for Ethereum 🤡
The bulls aren’t completely wiped out yet, but most are barely hanging on. I’m not planning to add leverage to this dip-buying position for now, so I can’t get liquidated. Once things stabilize, I’ll use the spot coins I bought to open a few coin-margined long positions, then use a little spare cash to try catching some wicks 😂
$BTC
I spent all last night scrolling through Binance Square and Twitter, and saw quite a few big players lose millions or tens of millions. It was truly horrifying‼️
Personally, I feel the liquidations in this downturn have been even larger than when Bitcoin fell below 60k a few months ago. I think the reason is that this rebound from 58k to 87k looked so much like the bull market was back, tricking plenty of big players into going long above 80k—or at the very least, getting in at 76k. So when Bitcoin fell to the 60-thousand range, they just couldn’t hold on anymore. Same goes for Ethereum 🤡
The bulls aren’t completely wiped out yet, but most are barely hanging on. I’m not planning to add leverage to this dip-buying position for now, so I can’t get liquidated. Once things stabilize, I’ll use the spot coins I bought to open a few coin-margined long positions, then use a little spare cash to try catching some wicks 😂
$BTC
