Wild day for $BTC — both bulls and bears got wrecked.
After PCE came in at a 6-month low, $BTC ripped $1,700 higher in 15 minutes, wiping out $60M in shorts. Then it reversed hard — dropped $2,200 to $83.8k in an hour, liquidating $56M in longs.
Monthly candle closes today, so expect more chaos as both sides fight for positioning.
After PCE came in at a 6-month low, $BTC ripped $1,700 higher in 15 minutes, wiping out $60M in shorts. Then it reversed hard — dropped $2,200 to $83.8k in an hour, liquidating $56M in longs.
Monthly candle closes today, so expect more chaos as both sides fight for positioning.
