🚨 BTC UPDATE:
The long liquidation carnage of this weekend has the traders wiping out about $5 BILLION in open interest, so they do what traders do best – immediately go short at the worst possible time. 📉👏
The market is loaded with about $5.14 billion of short liquidations just waiting to be targeted.
So the question is:
But will the market makers squeeze those shorts next week?
or push price down even further and even more people get presales for 50x “easy money” shorts without fear of them vaporating?
Classic crypto tradition.
At the moment BTC is trading around 78k, as the world continues to stir the pot. Apparently, the markets already had enough volatility, but the U.S. is reportedly in the process of preparing more strikes against Iranian military infrastructure, which could once again cause oil prices to soar. 🛢️🔥
As usual, the entire Internet converts everyone to being a macroeconomist, geopolitical analyst and professional trader together. It's really inspiring to see! 🚀$BTC
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