Takeout for another $1.5 billion! 🪒
Over the course of the day, traders who were in longs were liquidated for another $1.5 billion!
They simply took everyone out.
We should see the opposite momentum very soon, as the short-sellers have already been given too much to earn...
i don't think this news changes much, to be honest. Most likely, retail traders will get excited and start buying. The market is never going to openly tell you, "a pump is coming." More often than not, headlines like these end up serving as fuel for a long squeeze or as liquidity for larger players to sell into
@shahh Zoom out and look at the higher timeframes. $BTC is steadily filling weekly imbalances while continuing its corrective phase. The bigger picture still matters, and these higher-timeframe levels shouldn't be ignored
@saylordocs there's a 90% chance they won't do anything that directly influences the market's growth. If the bitcoin rallies to $189k after their prediction, people will start treating every speculative headline as a buy signal, and that's never a good thing
@kunoo Every market phase requires a different approach. If you want to stay profitable, you need to adapt, adjust your strategy, and trade according to the current conditions rather than relying on what worked before
@shaguncrypto Most people want results here and now, they don't know how to wait. Instead of building positions patiently, they'd rather enter a trade with a liquidation level just 1% away from their entry and then complain that the market isn't the same anymore
@Leooweb3 Many people don't realize that this is actually a great time to accumulate. Not with your entire portfolio, of course, but using a DCA strategy on BTC and ETH makes a lot of sense here. Markets are cyclical. Just remember: after every storm comes brighter sunshine🌅
Nothing screams market uncertainty louder than thousands of traders drawing different "must-hold" support levels. When we started dropping from $80K, people were calling for $75K, $72K, $70K, and $65K as the ultimate bottom. In the end, we went all the way down to $61K - and the story might not be over yet....
The truth is, nobody knows where the final dip before the reversal will be, just like nobody knows where the exact top is. Focus on risk management, not crystal-ball predictions✊