Historically, when crypto longs liquidations cross $1B during 24 hour period, there will be an another wave of >$1B liquidiations 7-14 days later. I marked it with red dots. Today we have a first dot.
14 days are over. I give it max until end of month, likely next weekend for the second dot. I am not sure about v-shaped recovery. Rather a slow flat base forming during summer time towards autumn.
If I am correct, we will in the next two to three weeks experience 1. A blow-off top in precious metals and shift to other commodities 2. An upswing and last exhaustion down wave in alt coins. To achieve this and reverse both trends there must be a profound geopolitical news.
In the nearest future the candidates are:
* tariffs ruling
* peace agreement in Europe
* middle east
* extraterrestrial species revealed ๐
Or all of them combined.
On crypto dump may be already over, but I am always a little to early. Perhaps last ETH swipe below 2k and everything should bounce. Risk Mode on soon?
I see here one more last push down to wipe everyone who believes for the better and opened leveraged longs and only then we will bounce. The flush may be deep and sudden.
Last hours on markets were a roller coaster ride. I came to conclusion that if silver can swing 40% in one day, crypto market can swing 99%. All positions can be wiped. If anyone can adjust position or increase deposit though it is costly now, try to achieve this:
Soon we may experience #altcoin season. Nobody expects this to happen. Ethereum has been staked in packets of around 50 - 80 mln USD in batches. Search X "from:whale_alert Beacon Depositor" for a proof.