Important Data for $BTC and Altcoins!
This #Bitcoin chart you see is a bit different from the usual liquidation maps. First of all, the bubbles here represent real people.
So the term “popping the bubble” actually comes to life here. Although it may not be very visible in the upper region, we saw that there is still a high degree of liquidation as evidenced by the $1.3 billion in liquidations that occurred alongside the $5,000 rally the other day.
At the slightest price increase, people immediately start looking for short positions. Both global markets and negative data are major factors here, but I’ve been saying the same thing from the very beginning.
The market moves against the crowd. That’s why retail investors will continue to be targeted. A rise to the $90,000 level seems much more likely to me. That’s when all those bubbles will burst. DYOR
This #Bitcoin chart you see is a bit different from the usual liquidation maps. First of all, the bubbles here represent real people.
So the term “popping the bubble” actually comes to life here. Although it may not be very visible in the upper region, we saw that there is still a high degree of liquidation as evidenced by the $1.3 billion in liquidations that occurred alongside the $5,000 rally the other day.
At the slightest price increase, people immediately start looking for short positions. Both global markets and negative data are major factors here, but I’ve been saying the same thing from the very beginning.
The market moves against the crowd. That’s why retail investors will continue to be targeted. A rise to the $90,000 level seems much more likely to me. That’s when all those bubbles will burst. DYOR