$BTC saw another $1.2 billion in liquidations. Big players made money, while many traders lost their positions.
After that, many traders quickly opened 100x long positions again.
This could give market makers a reason to push BTC back toward $73K to liquidate those longs.
They may keep making small lower lows until traders give up. Then, they could suddenly pump the price when most people stop expecting it.
This is a common market pattern. Max pain is around $73K for longs and $82K for shorts. Which level do you think gets hit first?
#CPITestsDecemberRateOutlook #BTC #Liquidations #AnthropicRejectsIPODelayValuationinQuestion
After that, many traders quickly opened 100x long positions again.
This could give market makers a reason to push BTC back toward $73K to liquidate those longs.
They may keep making small lower lows until traders give up. Then, they could suddenly pump the price when most people stop expecting it.
This is a common market pattern. Max pain is around $73K for longs and $82K for shorts. Which level do you think gets hit first?
#CPITestsDecemberRateOutlook #BTC #Liquidations #AnthropicRejectsIPODelayValuationinQuestion
