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Olivia Rose
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$BTC Short-term holders underwater at ~$75,700 — that level is resistance now, not support. #BTC #Bitcoin
天才交易员舒舒
$BTC$ETH$SOL Closed the weekly candle today, the bulls were liquidated once again, it's really tough, the bulls have been around for three or four years, is it really that hard just to make some money?
From the 7-day liquidation chart, over 90% of the bulls have been cleared out, the remaining bulls are mostly low leverage, so further decline doesn't make much sense.
Even if the price breaks below 720,000, it would only liquidate about 100 to 200 million USD, and this doesn't account for retail investors increasing margin at that time. With increased margin, the liquidation price would definitely be further away, so the remaining bulls holding on tightly are hard for the market makers to harvest.
Liquidations mainly target those who like to play with high leverage. At this point, it should be preparing to rise to cut the shorts. If the price rises again to 820,000, it will liquidate 2 billion USD worth of shorts.
So, do you think Bitcoin will continue to fall or will it pump to harvest the shorts? Historically, in every cycle like this, it's basically a double liquidation. The timing might be delayed, but it definitely won't be absent.
It will give you the feeling that it can't rise, slowly and finally pump up directly to liquidate the shorts. So this stage is really hard to endure. If you can't hold on, then you might be out of the crypto circle. Only those who endure will be worthy to see that glimmer of hopeful dawn～～#美国10月CPI前瞻：12月加息预期会否改变？
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