HOW MUCH LOWER CAN $BTC GO?
#Bitcoin’s latest drop has triggered another massive liquidation wave. Nearly $1.95 billion in positions were wiped out over the past 24 hours, and $1.67 billion of that came from LONG positions.
Around 310,000 traders got liquidated. The largest single liquidation was worth $16.17 million on Binance’s ETH pair. #cryptosellofftriggersmultiplewhaleliquidations
At this point, I’m more interested in where this selling pressure finally runs out than how far BTC has already fallen. Once excessive leverage gets flushed out, the market could start looking very different.
But have we actually found a bottom, or is there another painful move ahead?
What do you think?
#Bitcoin’s latest drop has triggered another massive liquidation wave. Nearly $1.95 billion in positions were wiped out over the past 24 hours, and $1.67 billion of that came from LONG positions.
Around 310,000 traders got liquidated. The largest single liquidation was worth $16.17 million on Binance’s ETH pair. #cryptosellofftriggersmultiplewhaleliquidations
At this point, I’m more interested in where this selling pressure finally runs out than how far BTC has already fallen. Once excessive leverage gets flushed out, the market could start looking very different.
But have we actually found a bottom, or is there another painful move ahead?
What do you think?
