Hey, my people, what's up! Today they dropped a piece of information that's driving everyone involved in the crypto world crazy, so get ready because this info matters to you.
It turns out that Bitcoin, the cryptocurrency that has everyone on edge, just broke it hard, reaching a new historical record of almost 119 thousand green bills! 🤑 After a few days of moving sideways, boom!, it shot up like crazy and reached a level that no one had ever seen before. It's madness, a truly serious thing.
Some analysts from a firm called Alphractal took a look at what was happening behind the scenes, and what they saw is that the people who had bet on the price going down, the "bears," got caught off guard. 📉 With this brutal rise, all their positions got liquidated, and that made Bitcoin gain even more strength to keep going up. It's like a domino effect, but crazy!
The problem is that, as the saying goes, "when the charity is big, even the saint doubts." The same experts are saying to be careful. They warn that if the price drops, even a little, like about 10 thousand dollars, down to the 107 thousand area, that's when a "Long Squeeze" could happen, and those betting on it going up, the "bulls," could lose a lot of money. 📉💔
In summary, Bitcoin is at the top of the world right now, but experts say not to rest on your laurels. A correction could come, and that's when you'll see who's really in the game and who's just partying. So, stay alert because in this business, one day you're partying and the next, you're getting charged for the drink.$BNB
