Liquidation of $935 million worth of long positions | Hewad on Binance Square

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Liquidation of $935 million worth of long positions occurred🔴

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The Federal Reserve has cut interest rates to just 3.75%, which is still higher than last year. During previous recessions, the rate was kept between 2% and 1.5%. #BTC #bnb #ETH $BTC $ETH $BNB

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There are support lines for Bitcoin at 88,000 and 86,000, which may pump back up from there, but if a pump fails to occur and the lower trendline is broken, it is very likely that Bitcoin will fall to 75k. #BTC #bnb #ETH $BTC $ETH $BNB

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The FOMC MEETING will be held tonight at 11:30 PM, where a decision will be made on the interest rate. If the interest rate is reduced significantly, the crypto market and altcoins will benefit. #BTCVSGOLD #BTC #bnb #ETH $BTC $ETH $BNB

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Exchange BTC supply down 403,200 BTC this year. Fewer coins on exchanges usually means less sell pressure A positive sign for the market. $BTC $ETH $BNB #BTC #BNB #ETH

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