🚨 A long position worth $2.0 billion is below $58,000, and it will end in a catastrophic defeat
I’ve been trading for years, and I’ve never seen so much long-side liquidity stacked in one area.
If the price breaks below $58,000, more than $2.0 billion worth of longs will be liquidated immediately
Doesn’t this sound like a disaster?
Remember October 10th? Once the liquidations started, the cascade couldn’t be stopped
Within one hour, the total liquidation amount exceeded $20 billion
This is how these events unfold: the first domino is small, and then it isn’t
Everyone wants to believe the downtrend has already ended
Don’t make the same mistake as 99% of retail traders
Wait for a large-scale liquidation event, then start building your position
I’m building my position in batches $BTC My limit orders are already placed below $55,000, and I’ll be watching closely.$BTC #币圈巴菲特
I’ve been trading for years, and I’ve never seen so much long-side liquidity stacked in one area.
If the price breaks below $58,000, more than $2.0 billion worth of longs will be liquidated immediately
Doesn’t this sound like a disaster?
Remember October 10th? Once the liquidations started, the cascade couldn’t be stopped
Within one hour, the total liquidation amount exceeded $20 billion
This is how these events unfold: the first domino is small, and then it isn’t
Everyone wants to believe the downtrend has already ended
Don’t make the same mistake as 99% of retail traders
Wait for a large-scale liquidation event, then start building your position
I’m building my position in batches $BTC My limit orders are already placed below $55,000, and I’ll be watching closely.$BTC #币圈巴菲特