$BTC 𝗕𝗜𝗧𝗖𝗢𝗜𝗡 𝗡𝗘𝗫𝗧 𝗠𝗢𝗩𝗘 - 𝗪𝗛𝗔𝗧 𝗧𝗢 𝗘𝗫𝗣𝗘𝗖𝗧.
In one of my posts yesterday, I gave an update on Bitcoin and the general market, and I mentioned that the reason the price isn’t bouncing is that the sell-off is driven by spot selling, not liquidations and good buying opportunity typically arises when there are liquidations.
It is important to know that when the market slowly bleeds, it usually ends with a cascade of liquidations and we saw it yesterday. Bitcoin dropped significantly, falling almost 20% in a single day, going down to $60,000.
This move was marked by pan