WARNING🚨

$BTC PLUMMETED EARLY THIS MORNING AND EVERYONE IS WONDERING WHY THERE IS NO BOUNCE

📉In the last 24 hours, $2.2 TRILLION of leveraged traders were liquidated in the market... and 93% were LONGS

🔹Traders keep buying every dip as if it were a "discount"

🔹But by using LEVERAGE, they are generating the opposite: MORE selling pressure

What is really happening⁉️

▪️When longs are liquidated 👉 their positions are automatically sold

▪️These sales push the price even lower

▪️That triggers MORE liquidations… and so on

💥It's not just the "bears": longs are unintentionally selling and dragging down the supports

Why isn't it bouncing like in COVID⁉️

🔸In 2020, NOBODY wanted to buy the bottom, there were no leveraged positions

🔸Without massive leverage, there was no cascade of liquidations and thus it bounced quickly

🔻TODAY it is the opposite: everyone is trying to "buy the dip" with leverage

📍As long as this continues... the market will keep LIQUIDATING THE LEVERAGED... And by the way, THERE ARE STILL MORE LIQUIDATIONS in Hyperliquid than in ANY OTHER EXCHANGE

📍This is also happening in the traditional market, it's not just crypto.... There was +67B of new leverage in September for the SP500...

📍This brought the total leverage of stocks to $1.13 TRILLION

📍The market is extremely fragile and dominated by emotions.

📍Without official data and with record leverage, any movement is amplified.