Morning update:
Yesterday we first saw an encouraging bounce from the lows. Once we broke 60k traders started to open new leveraged positions and then a dump that liquidated roughly 400 million worth of longs in 10 minutes! Well played #BTC whales, well played!😂
The leverage ratio now saw a proper drop so I think the bull market can continue📈 #BTC
The president of El Salvador announced that they bought an additional 420 #BTC worth roughly $25 million. Savage move!😎
NYDIG in a partnership with Post Oak Motor Cars is bringing a unique opportunity to their customers. They will soon be able to buy luxury vehicles financed by Bitcoin while employees will be able to auto-convert their payroll to #BTC 🚀
Source:
prn.to/3BoyDW0
In terms of the on-chain data, not much has changed apart from the leverage ratio. The market still looks bullish to me!👀
P.S. #ETH just made a new All-time High🚀
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.