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Massive Liquidation Event Hits the Market Over $450.8M in BTC positions were wiped out in the past 24 hours - longs took the brunt of the pain with $422.2M rekt Just in the last 12 hours alone, $393.8M in liquidations slammed the market - BRUTAL Shorts lost some ground too, but nothing compared to the long squeeze $BTC
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Bitcoin Bull Market Comparison The 2024 halving cycle is now over 400 days in and the trend is starting to take shape âĄïž 2012 - Explosive gains early on Classic parabolic move âĄïž 2016 - Steady grind upward with a late-stage blow-off top âĄïž 2020 - Institutional wave, slower but more sustained âĄïž 2024 - Still early, but showing signs of accumulation post-Fed pivot and ETF inflows Every cycle is unique but historically, the real vertical moves come after this phase If history rhymes, the next 6â12 months could be crucial Patience isnât just a virtue - itâs an edge in crypto $BTC
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JUST IN: đșđž Senator John Thune says "cryptocurrency is here to stay, and it's time that we bring it into the mainstream." $BTC $ETH
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$BTC bouncing between $109025 - $114712 with 71.3M volume Bulls are pushing I see a breakout to $120K possible if we hold 114712, maybe by mid-June A dip to 109K could happen too. Long-term, $150K by Q4 2025 looks solid with adoption growing Iâm holding above $110K, buying dips at $109K with a stop at 107K LFG
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A notable FAKEOUT has occurred as $BTC briefly breached a critical resistance trendline but failed to sustain momentum - Suggesting potential short-term volatility Bearish divergence is emerging, with the MACD line crossing below the signal line and histogram shifting to red, indicating waning bullish momentum A sustained move above $113k could signal a bullish continuation BULLISH
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