Bitcoin has just dropped below $78K, down to a six week low as concern over Binance's reported security incident has sent the market into a tailspin.
On chain data shows huge capital flows and over $1.3B in long positions were liquidated in the last 24 hours.
This is a very clear reminder of how quickly leverage can magnify volatility.
Watch the exchange flows, the open interest and the key $BTC support levels.
In this market risk management comes before profit.
Uptober is coming to an end with a reality check.
#btc
On chain data shows huge capital flows and over $1.3B in long positions were liquidated in the last 24 hours.
This is a very clear reminder of how quickly leverage can magnify volatility.
Watch the exchange flows, the open interest and the key $BTC support levels.
In this market risk management comes before profit.
Uptober is coming to an end with a reality check.
#btc
