Wow! The BTC long and short slaughter is here! $99,747 is the graveyard for retail investors, and $109,537 is the coffin for shorts!
Latest on-chain data:
· Falling below $99,747 → Liquidation of long positions worth $2.231 billion! A bunch of leveraged traders went to heaven on the spot!
· Breaking above $109,537 → Liquidation of short positions worth $1.279 billion! Those who missed out are crying in the toilets!
Now BTC is stuck at $106,200, both up and down are meat grinders! Last week just broke the psychological barrier of $100,000, and this week it's fighting in the range of $104,000-$107,000. Whales have dumped $5.56 billion on Binance in the last 30 days, and with a bit of volatility, they’re playing both sides!
Remember my words:
· Below $99,747, long positions are overgrown with grass, but it might be a bottom-fishing opportunity
· Above $109,537, short positions will be collectively cremated, and FOMO cannot be stopped
· At this position, the longer it consolidates, the more violent the breakout!
What should retail investors do?
Don't hold positions! Don't go all in!
If it falls below $99,747, quickly close your long positions, and if it breaks above $109,537, chase the rise and kill the shorts!
Whales are fighting, we just need to pick up the bones!
#BTC15万 (Source: Coinglass, ChainCatcher)
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