đš $400M+ LIQUIDATED â AND THIS MAY NOT BE OVER.
Something strange is happening in $BTC and altcoins.
Bitcoin has moved only around $3,000, yet the market has already wiped out roughly $400M in leveraged positions.
Think about that.
A relatively small move is causing an enormous amount of forced liquidation.
That tells me one thing: leverage is still heavily positioned against these moves.
Every dip attracts traders expecting another collapse.
Then BTC makes a relatively small recovery â shorts get squeezed â liquidations accelerate â forced buying pushes price higher â more shorts get trapped.
And the cycle repeats.
I still believe the larger trend is upward.
But if this positioning remains, I donât think weâre done seeing violent liquidation waves.
The interesting question isnât:
âWill BTC go up?â
Itâs:
âHow many shorts are still waiting to be trapped before the market finally runs out of them?â
What do you think? đ
Something strange is happening in $BTC and altcoins.
Bitcoin has moved only around $3,000, yet the market has already wiped out roughly $400M in leveraged positions.
Think about that.
A relatively small move is causing an enormous amount of forced liquidation.
That tells me one thing: leverage is still heavily positioned against these moves.
Every dip attracts traders expecting another collapse.
Then BTC makes a relatively small recovery â shorts get squeezed â liquidations accelerate â forced buying pushes price higher â more shorts get trapped.
And the cycle repeats.
I still believe the larger trend is upward.
But if this positioning remains, I donât think weâre done seeing violent liquidation waves.
The interesting question isnât:
âWill BTC go up?â
Itâs:
âHow many shorts are still waiting to be trapped before the market finally runs out of them?â
What do you think? đ
