BTC BEING BOUGHT UPBitcoin has taken a slight breather after setting consecutive new highs, reaching an impressive peak of $89,993.69 on Coinbase—almost $90K. Incredible.
Over the past two days, we’ve seen some significant dips, liquidating both longs and shorts. Yet, these dips are being aggressively bought up, as shown by the long wicks down.
Interestingly, the liquidations have been almost evenly split between longs and shorts. This means that even those betting on the correct direction (up) are getting wiped out by the volatility due to leverage.
Don’t be one of those people.
This is only the beginning.