🚨 BITCOIN ALERT
Bitcoin has slipped back below $63,000, and the move is already putting pressure on leveraged traders.
Around $48M in crypto positions were liquidated in the past hour, with roughly $45.7M coming from long positions.
That tells me the market was still leaning heavily bullish, and the drop caught a lot of traders on the wrong side.
For now, I’d avoid chasing the move. I’m watching whether BTC can reclaim $63K or if this breakdown brings another wave of liquidations.
#Bitcoin #BTC #Crypto #Liquidations #Binance
Bitcoin has slipped back below $63,000, and the move is already putting pressure on leveraged traders.
Around $48M in crypto positions were liquidated in the past hour, with roughly $45.7M coming from long positions.
That tells me the market was still leaning heavily bullish, and the drop caught a lot of traders on the wrong side.
For now, I’d avoid chasing the move. I’m watching whether BTC can reclaim $63K or if this breakdown brings another wave of liquidations.
#Bitcoin #BTC #Crypto #Liquidations #Binance