𝐎𝐧𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐦𝐨𝐯𝐞 𝐣𝐮𝐬𝐭 𝐰𝐢𝐩𝐞𝐝 𝐨𝐮𝐭 $𝟑𝟔𝟗𝐌.
Over $369M in crypto positions got liquidated, and roughly $302M of that came from longs.
What makes these moves nasty is that the selling feeds into itself. BTC drops, stops get hit, positions get liquidated, and that creates even more selling.
The macro backdrop didn’t help either. Oil pushed above $90 and Treasury yields moved toward 4.8%, adding more pressure to risk assets.
The part I’m watching now is whether this actually cleared enough leverage from the market.
Because if open interest stays high, one more sharp move could start the whole thing again.
#BTC Price Analysis# #BTC #Bitcoin Price Prediction: What is Bitcoins next move?# $BTC $ETH
Over $369M in crypto positions got liquidated, and roughly $302M of that came from longs.
What makes these moves nasty is that the selling feeds into itself. BTC drops, stops get hit, positions get liquidated, and that creates even more selling.
The macro backdrop didn’t help either. Oil pushed above $90 and Treasury yields moved toward 4.8%, adding more pressure to risk assets.
The part I’m watching now is whether this actually cleared enough leverage from the market.
Because if open interest stays high, one more sharp move could start the whole thing again.
#BTC Price Analysis# #BTC #Bitcoin Price Prediction: What is Bitcoins next move?# $BTC $ETH
