$8 billion liquidations were triggered when BTC briefly crashed to 31k on Wednesday,
This morning, over $7.5B in Bitcoin open interest was wiped out, bringing total OI back to levels last seen in early February.
Right now, oversold signals can be seen across the board and I think this is exactly what we need to shake out weak hands and over-leveraged positions.
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All these talks about BTC being the safe asset during the economic turmoil and Financial crisis...
It is now the perfect time for it to step up to the plate and rise to the occasion. Is it finally BTC's moment to shine?
Let's take a quick look at what happened during the weekend.
The fast and furious drop is the result of thin liquidity and...
Hello traders!
Despite the 100 millions long liquidation and the drop of 10% open interest during the epic bull trap last week, the maximum selling pressure still seems far away.
The only way to go up is to dip down further in order to reach for more selling liquidity.
I believe we will continue to see more moderate supply runs follow by weak demand runs until...
