๐จ OVER $1.260 BILLION LIQUIDATED AND THE WAR IS STILL ON ๐ฉธ๐
๐ Watch out because this image shows exactly how the
#market makers are massacre-ing leveraged traders ๐ญ
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๐ According to the shared data, BTC dropped from approximately $73,900 to the $67,600 zone in no time
๐ฉธ More than $1.260 billion was liquidated in the
#crypto market in just 24 hours
๐ฉธ First, longs got wiped out
๐ฉธ Then it kept falling
๐ฉธ And there's still liquidity left on both sides
๐ณ The image of
#coinglass shows something interesting
๐ Between 66k and 67.5k, liquidity pools are still appearing that could get swept if the bearish pressure continues
๐ But above the current price, thereโs a much greater concentration between 71.5k and 77k
๐ฅ And usually, the market gets attracted to areas where there's more money waiting to be liquidated
๐ That doesnโt mean BTC is going to pump immediately
๐ Nor does it confirm the bottom
But it does mean that the bullish liquidity above remains massive compared to what's below
๐ป Right now, bears are in control
๐ The short-term trend is clearly downward
๐ The bounces are weak
๐ And fear dominates the sentiment
๐ฅ What many arenโt seeing is that after such aggressive liquidations, the probability of violent moves in both directions tends to increase
Because there are fewer easy positions left to sweep down and more fuel accumulating up ๐ณ
Many opened
#long s at 73k and got liquidated
Now others are opening
#short s convinced that 50k is coming
And thatโs where surprises usually start ๐๐
๐ฅ What a crazy market weโre witnessing
๐ Do you think
$BTC still needs to sweep the liquidity at 66k or will the market makers attack the huge liquidation pool thatโs left between 71.5k and 77k first? ๐ณ๐๐ฉธ๐ฅ๐