❗️ BTC > $72K.
Over the past 24 hours, the market has liquidated $3 billion in short positions.
This is the largest daily volume of short liquidations in history—even more than during the wild price swings on October 10 of last year.
Why did we grow up?
▪️ Low spot market volumes
▪️ Shortages of $BTC and $ETH on Exchanges
▪️ Low liquidity
▪️ Market bias toward short positions
▪️ A Rising Shoulder on Futures
The market was literally awash with fuel. All that was left was to light the fuse.
And here’s the result.
While they’re playing checkers, I’m playing chess. 🥷🏼
$ONG
Over the past 24 hours, the market has liquidated $3 billion in short positions.
This is the largest daily volume of short liquidations in history—even more than during the wild price swings on October 10 of last year.
Why did we grow up?
▪️ Low spot market volumes
▪️ Shortages of $BTC and $ETH on Exchanges
▪️ Low liquidity
▪️ Market bias toward short positions
▪️ A Rising Shoulder on Futures
The market was literally awash with fuel. All that was left was to light the fuse.
And here’s the result.
While they’re playing checkers, I’m playing chess. 🥷🏼
$ONG