Bitcoin's 24-hour plunge exceeds 15%, triggering a chain reaction of liquidations!
Bitcoin has been quite the rollercoaster this time! Even favorable CPI data can't lift it, and it's clear that the manipulators want to blow up the bulls!
The key trend line for Bitcoin on the daily chart is a joke; with CPI data being such a nuclear-level positive, the price didn't even make a splash, not even touching 80500.
What does this indicate? The manipulators have long prepared their stock, just waiting for retail investors to rush in and take the bait! Now the market is filled with selling pressure, and it will definitely drop further today; if the support level at 78000 breaks, it will set off a chain reaction of liquidations.
Ethereum is in worse shape! Every rebound is an opportunity for institutions to offload their positions. The 1580-1600 range is filled with trapped positions, and anyone daring to jump in is just a live target.
Just look at how the funding rates have plummeted; the futures market is full of bears adding to their positions. 1450 is definitely not the bottom; if it really drops, 1400 won't hold either!
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