Ok everyone is very panicky
Heres is my take on #bitcoin right now.
A mini thread ๐งต๐
If you like it please RT & share etc
1/ 4HR + 1HR
Yes the 1HR & 4HR both passed a death cross, with little short term signs of reversal. Yes we also had a big wick down in the short term, which is making a lot of people worried
2/ Liquidations
This was caused by a bunch of longs who had leverage, being liquidated. Over the last 24HRs 189,000 traders where liquidated, losing a a total value of around $730M.