Now over a billion in liquidations

in #bitcoin2 months ago

That was fast...

It was only $200 million at first, but that didn't last.

image.png

(Source: https://twitter.com/RadarHits/status/1778850195465277843/photo/1)

Now we are over a billion in liquidations and probably going to get worse in the coming days.

This looks like the start of a multi week drawdown that takes us back near $60k.

Hopefully I am wrong but that is the looks to me.

What do you see?

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