Post
BTC hits 200K I change my name
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Bullish🚨WHY DID CRYPTO DROP SO HARD LAST NIGHT?
Last night, crypto bros had another sleepless night as a ton of coins got smashed hard. $BTC even plunged below $79k.
{spot}(BTCUSDT)
The main reason came from the market being over-leveraged while the buying power wasn’t strong enough.
Before that, a huge number of high-leverage long positions had been opened, but the incoming money wasn’t sufficient to support the price.
👉When BTC started to dip slightly, those high-leverage positions got forcibly liquidated, pushing the price down even further, which then triggered more and more liquidations. That’s why the price fell much faster than usual.
On top of that, market sentiment flipped extremely quickly. Just a few red candles were enough to turn many people’s expectations of a bounce into pure fear, rushing to exit their positions.
👉When tons of people sell at the same time in a short window, a sharp price drop is almost inevitable — even when there’s no specific bad news at all.
Have you guys really “lost all faith” in the market yet?
🥹
Last night, crypto bros had another sleepless night as a ton of coins got smashed hard. $BTC even plunged below $79k.
{spot}(BTCUSDT)
The main reason came from the market being over-leveraged while the buying power wasn’t strong enough.
Before that, a huge number of high-leverage long positions had been opened, but the incoming money wasn’t sufficient to support the price.
👉When BTC started to dip slightly, those high-leverage positions got forcibly liquidated, pushing the price down even further, which then triggered more and more liquidations. That’s why the price fell much faster than usual.
On top of that, market sentiment flipped extremely quickly. Just a few red candles were enough to turn many people’s expectations of a bounce into pure fear, rushing to exit their positions.
👉When tons of people sell at the same time in a short window, a sharp price drop is almost inevitable — even when there’s no specific bad news at all.
Have you guys really “lost all faith” in the market yet?
🥹
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