$BTC At this point, all I can say is: the new chairman just wrapped up a meeting, and the crypto space has given the entire market a sneeze.
This morning we were still hanging around 66445, then suddenly slid down to 64388, dropping 2.04% in 24 hours, with a low of 63998.
The funniest part is, spot trading is just 1.2 billion, while futures are racking up 12.4 billion, at a whopping 10.3x leverage.
I'm way too familiar with this kind of market; they say "stabilize prices" but the charts are keeping my wallet steady 😅
The funding rate is still negative at -0.002%, and there’s a stack of 99728 $BTC in open positions, indicating that the folks below are still holding strong.
As someone who talks tough but gets cold feet, I fear these post-meeting dips; chasing isn't an option, and going short could easily lead to a slap.
So, what do you think? Is this a classic case of "news not exceeding expectations, and the price educating people first"?
$BTC #BTC走势分析 #BinanceSquare
This morning we were still hanging around 66445, then suddenly slid down to 64388, dropping 2.04% in 24 hours, with a low of 63998.
The funniest part is, spot trading is just 1.2 billion, while futures are racking up 12.4 billion, at a whopping 10.3x leverage.
I'm way too familiar with this kind of market; they say "stabilize prices" but the charts are keeping my wallet steady 😅
The funding rate is still negative at -0.002%, and there’s a stack of 99728 $BTC in open positions, indicating that the folks below are still holding strong.
As someone who talks tough but gets cold feet, I fear these post-meeting dips; chasing isn't an option, and going short could easily lead to a slap.
So, what do you think? Is this a classic case of "news not exceeding expectations, and the price educating people first"?
$BTC #BTC走势分析 #BinanceSquare