Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
this smells like a liquidation hunt.
the price fell back to 110k and a significant amount of long positions were liquidated. preparing for a new rally?
the price fell back to 110k and a significant amount of long positions were liquidated. preparing for a new rally?
That seems to be the word on X. People are saying it was Binance that dumped 24,000 BTC in order to force liquidations. No idea if that is true or not. It would seemingly be a bullish event if true. The last time they did this (allegedly) was the dip to $76K and the market shot up to $111K within weeks. A similar % move would put us at $162K while a similar market cap move would put us at $146K.