BTC dipped below 62k today, hitting a low of $61,300, marking the lowest point since February.
This isn't just a single-day crash; it's the fourth consecutive day of red candles.
In the last 24 hours, over $730 million in liquidations occurred across the network, with longs accounting for $617 million.
Leverage has been washed out round after round, but the rates haven't returned to neutral yet.
The sign that the liquidation wave is over isn't a price rebound; it's when the longs are completely wiped out.
#BTC
This isn't just a single-day crash; it's the fourth consecutive day of red candles.
In the last 24 hours, over $730 million in liquidations occurred across the network, with longs accounting for $617 million.
Leverage has been washed out round after round, but the rates haven't returned to neutral yet.
The sign that the liquidation wave is over isn't a price rebound; it's when the longs are completely wiped out.
#BTC