đ¤ Holiday market's sudden situation: Who gave $BTC a booster?
Everyone, just about to switch to holiday mode, I opened the market and sawâwow, whatâs up with this big bullish candle? I thought the market was still hungover?
Letâs briefly discuss this sudden market movement:
Whispers on the chain I took a quick glance at the on-chain data. Although trading volume has been low in the past two days, the stablecoin balances on exchanges have been quietly increasing. It seems some "smart money" doesnât want to wait until after the New Year and has loaded their bullets while everyone is still feeling dizzy.
Elephant on thin ice I mentioned earlier that liquidity in the market is extremely poor, like a lake covered in thin ice. Points that usually require 1 billion to move can now possibly be influenced by just 200 million. Today, itâs clear that some funds took advantage of the insufficient depth, stepped on the gas, and directly triggered a series of liquidations in a short squeeze. The bears have truly sobered up this time.
My honest thoughts You ask me if Iâm excited? Iâm okay, really. I usually treat these sudden movements during holidays as the main players throwing an end-of-year party.
I still hold my USDT very steadily. I won't easily chase after this sudden surge due to insufficient volume. Let the bullets fly for a while longer and see if this is a real reversal or just a fleeting New Yearâs firework.
What does everyone think? Did you all jump in this wave?
#BTC $BTC
Everyone, just about to switch to holiday mode, I opened the market and sawâwow, whatâs up with this big bullish candle? I thought the market was still hungover?
Letâs briefly discuss this sudden market movement:
Whispers on the chain I took a quick glance at the on-chain data. Although trading volume has been low in the past two days, the stablecoin balances on exchanges have been quietly increasing. It seems some "smart money" doesnât want to wait until after the New Year and has loaded their bullets while everyone is still feeling dizzy.
Elephant on thin ice I mentioned earlier that liquidity in the market is extremely poor, like a lake covered in thin ice. Points that usually require 1 billion to move can now possibly be influenced by just 200 million. Today, itâs clear that some funds took advantage of the insufficient depth, stepped on the gas, and directly triggered a series of liquidations in a short squeeze. The bears have truly sobered up this time.
My honest thoughts You ask me if Iâm excited? Iâm okay, really. I usually treat these sudden movements during holidays as the main players throwing an end-of-year party.
I still hold my USDT very steadily. I won't easily chase after this sudden surge due to insufficient volume. Let the bullets fly for a while longer and see if this is a real reversal or just a fleeting New Yearâs firework.
What does everyone think? Did you all jump in this wave?
#BTC $BTC