$11,390,000,000 in shorts will get liquidated if $BTC pumps 10%.
$7,550,000,000 in longs will get liquidated if Bitcoin dumps 10%.
On the upside, the biggest liquidation cluster is at $116,300.
On the downside, the biggest liquidation cluster is at $105,700.
Crypto movement now relies in whales, institutions and exchanges that manipulates the market. Let's be thankful we have them, otherwise it will be a boring and completely useless market. Agree?
Watch closely, everytime there's a big drop, $BTC will move sideways before going parabolic. Next week will determine if we can see a bull run or another blood bath.
Crypto is now literally just a gambling. It's unlike before when news affects the price action, it's now controlled centrally by whales and institutions that holds tons of $BTC. Prove me wrong.
I just realized, there are only 2 cryptos that people should buy with store value and they are $BTC and $ETH. Nothing else matter. Sold everything I have and just bought #Ethereum.