everyone thinks a $btc dump from 83k is just weak hands getting flushed, but actually the inflation print and the nasdaq bleed did more of the damage than the chart.
you size up for the bounce and the liquidations hit before you even get an exit. ngl that is how a lot of people lose the bag they were trying to protect.
$btc slid from around 83k to 80,700 in a few hours, with over $1 billion wiped in liquidations. us inflation data looks like the main trigger, and the nasdaq drop spilled straight into crypto.
the weird part is $eth caught nearly as much liquidation as bitcoin. that usually means people were still positioned for an alt rally and just got caught leaning the wrong way.
anyone else seeing this as a positioning flush rather than a full trend break?
#Bitcoin #Ethereum #liquidations
you size up for the bounce and the liquidations hit before you even get an exit. ngl that is how a lot of people lose the bag they were trying to protect.
$btc slid from around 83k to 80,700 in a few hours, with over $1 billion wiped in liquidations. us inflation data looks like the main trigger, and the nasdaq drop spilled straight into crypto.
the weird part is $eth caught nearly as much liquidation as bitcoin. that usually means people were still positioned for an alt rally and just got caught leaning the wrong way.
anyone else seeing this as a positioning flush rather than a full trend break?
#Bitcoin #Ethereum #liquidations