๐จ $400M $BTC LONGS WIPED IN 15 MINUTES! ๐ฉธ
Bitcoin just nuked below $84K and triggered a MASSIVE leverage flush!
๐ $403M Longs liquidated in <1 Hour
๐ 97% of liquidations were LONGS
๐ $BTC dumped -$2,000 in 20 mins to $83,974
What happened?
Traders were over-leveraged after BTC failed to hold $87K. Once $84K broke, cascading liquidations forced exchanges to auto-close positions = more selling. $BTC
What Next? ๐
โ Reclaim $84K quickly = Bullish bounce
โ Stay below $84K = $82.7K next target
Are buyers stepping in here? I'm watching $84K closely.
What do you think - Bounce or more blood?
#bitcoin #BTC #cryptocrash #liquidation #crypto
Bitcoin just nuked below $84K and triggered a MASSIVE leverage flush!
๐ $403M Longs liquidated in <1 Hour
๐ 97% of liquidations were LONGS
๐ $BTC dumped -$2,000 in 20 mins to $83,974
What happened?
Traders were over-leveraged after BTC failed to hold $87K. Once $84K broke, cascading liquidations forced exchanges to auto-close positions = more selling. $BTC
What Next? ๐
โ Reclaim $84K quickly = Bullish bounce
โ Stay below $84K = $82.7K next target
Are buyers stepping in here? I'm watching $84K closely.
What do you think - Bounce or more blood?
#bitcoin #BTC #cryptocrash #liquidation #crypto