@TedPillows There are also others like Htx who
whose actions raise serious questions. They liquidated some hedged positions even though, as far as we could see, there was no margin issue, and they still haven’t given a clear explanation.
@elonmusk@carlmoon Sure but in the meantime, we also need to take a closer look at exchanges whose actions are hurting Bitcoin.HTX forcibly liquidated hedged BTC positions, closed both sides, and altered the entry price of the remaining position. Multiple users report the same pattern.
@coinbureau Yes, and it’s also given some people the opportunity to pull some pretty shady moves.Closing both sides of a hedge with no reason and causing major losses raises serious questions about HTX’s risk system. Be careful during these periods
#BTC
"This means price may need to turn it into support on any future dip to fully confirm a breakout from the $60k-$80k Range"
The dip is here but the retest of the ~$80k Range High (orange) must occur for Bitcoin to fully confirm the breakout from the $60k-$80k Range
After all, the previous Bitcoin Weekly Close occurred below $82k
And so price has not yet produced a Weekly Close above ~$82k
Hence the importance of continued price solidification above the ~80k Range High to fully confirm the $60k-$80k Range breakout
$BTC #Bitcoin
@cryptorover Be careful about exchanges during these periods. Serious questions remain about HTX’s handling of hedged futures accounts. Substantial losses occurred, yet affected users are still waiting for clear explanations and compensation.
@CryptoTony__ Also be cautious about HTX during these times. On sep 21 HTX forcibly liquidated hedged BTC positions, closed both sides, and altered the remaining position. Multiple users report the same pattern.
@MartiniGuyYT And some people are quick to take advantage of situations like this. HTX forcibly liquidated hedged BTC positions, closed both sides, and altered the entry price of the remaining position. Multiple users report the same pattern.
$BTC Green zone is the line in the sand for the bullish momentum.
Many that missed the breakout wanted a retest into the $83K-$84K region. The retest is here with a big leverage wipe.
If it still fails and trades below $83K anyways, then that is a sign of weakness and noteworthy. I'd personally see that as a reason to take the more cautious side into the end of the month.
As simple as that. Trend is up, but you need to maintain the breakout level.
@scottmelker Despite some people’s attempts to manipulate it, the market will find its own way.HTX forcibly liquidated hedged BTC positions, closed both sides, and altered the entry price of the remaining position. Multiple users report the same pattern.
@conorfkenny I'm sure there are some fishy points in this amount of liquidation. In my case HTX forcibly liquidated hedged BTC positions, closed both sides, and altered the remaining position. Multiple users report the same pattern.
@AshCrypto I'm sure you know many of these liquidations are as a result of manipulation. On 21 sep HTX forcibly liquidated hedged BTC positions, closed both sides, and altered the entry price of the remaining position. Multiple users report the same pattern. Do we have same experience here?
@Kalshi_Crypto Some part is fishy.What is the purpose of hedging if HTX can close both sides of the position and liquidate the account? Even the margins were safe!
@WatcherGuru Some of these liquidations are fishy.HTX must publicly address the reports of hedged accounts being liquidated under questionable circumstances. Everyone should know about their recent actions on 21 sep
Reading the replies here gives a clear picture of current sentiment.
The time to be very bullish was at $60k levels, not now.
Now it's time to be cautious.
Bull market: confirmed.
Bitcoin closed above its 365-day moving average for the first time since March 2023 — the line that has called every bull market since 2019.
Next resistance: $88K–$90K.