A different take: BTC falling below $78,463 will trigger the liquidation of $2.011 billion in long positions
Most people see this as bearish news. What I’m wondering instead is: has some of the selling pressure already been released? It’s not uncommon for prices to rise rather than fall after bad news breaks.
$BTC 24h +0.39%. A single news item can’t sway the broader trend, but it may change the pace.
#BTC
Make your own decisions about when to enter and exit—don’t follow the crowd.
Most people see this as bearish news. What I’m wondering instead is: has some of the selling pressure already been released? It’s not uncommon for prices to rise rather than fall after bad news breaks.
$BTC 24h +0.39%. A single news item can’t sway the broader trend, but it may change the pace.
#BTC
Make your own decisions about when to enter and exit—don’t follow the crowd.