What are you trading in this bull market? #beyoglu | BeyOglu - The Analyst on Binance Square

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BeyOglu - The Analyst

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What are you trading in this bull market? 
#beyoglu 

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BeyOglu - The Analyst

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JUST IN: 🇺🇸 President Trump says the US is "dominating" in Bitcoin and crypto, "and we are going to keep it that way."

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"#Ethereum Faces $106.5M in Liquidations as Price Struggles Near Key Resistance Levels" $ETH saw $106.52 million in futures liquidations in the past 24 hours, with $56.20 million in long positions and $50.32 million in short positions being liquidated as per CoinGlass data. After briefly surging above $2,600 on Wednesday, ETH was rejected near the 200-day SMA. The price is currently up 2%, with bulls aiming to sustain a move above $2,500. For the next directional shift, ETH needs a strong move either above $2,850 or below the $2,260 - $2,100 range, with potential for a rally toward $3,250 or a drop to $1,688, respectively. #beyoglu

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"Crypto Rally Triggers $500M in Liquidations, Fueled by Short Squeeze" The data you're referencing highlights a significant event in the crypto market where a strong rally triggered a wave of liquidations, totaling over $500 million in leveraged positions within a 24-hour period after the #Bitcoin surge significantly. The fact that 62.61% of these liquidations were short positions is notable because it suggests that many traders were overly bearish on the market, expecting prices to fall. This kind of positioning is vulnerable to short squeezes, where prices rise quickly, forcing short positions to close, which in turn drives prices even higher. The largest single liquidation, valued at $6.36 million on Bybit for a $BTC BTC position, shows the scale of the moves happening in the market. These liquidations often signal heightened volatility and can further fuel price rallies, as the forced buying from short-covering amplifies price movements. This phenomenon of short squeezes is common in highly volatile markets like crypto, where prices can swing drastically due to changes in trader sentiment or macroeconomic factors. In this case, the market’s previous bearish sentiment might have made the rally even more pronounced as those trapped in short positions were forced to close out their trades. #beyoglu

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This was my trade setup for $TRUMP . Based on this breakout, I mentioned yesterday that I was buying Trump. The target I shared was TP2, but if Bitcoin continues to surge, it may even higher than my TP3 target. #DinnerWithTrump

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hhhhhaahahahaha 😂😂😂😂 #beyoglu

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