Crypto is taking a sharp hit right now, and the price levels are getting harder to ignore.
Bitcoin has dropped below $80,000, while ETH is under $2,350. SOL has slipped below $100, and XRP is trading under $1.30. But the part that caught my attention is the liquidation data. More than $200 million in leveraged long positions were wiped out within just 60 minutes.
That’s a lot of traders getting caught on the wrong side of the move. The question now is whether buyers step in at these levels or selling pressure continues. I’d be watching price action closely before jumping to any conclusions.
#BinancePick #EarningsSeason @Binance Academy
Bitcoin has dropped below $80,000, while ETH is under $2,350. SOL has slipped below $100, and XRP is trading under $1.30. But the part that caught my attention is the liquidation data. More than $200 million in leveraged long positions were wiped out within just 60 minutes.
That’s a lot of traders getting caught on the wrong side of the move. The question now is whether buyers step in at these levels or selling pressure continues. I’d be watching price action closely before jumping to any conclusions.
#BinancePick #EarningsSeason @Binance Academy