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With this kind of BTC market, you wake up and it's a whole new world.
$BTC is still sideways at 64,384, unchanged, with only a 0.05% increase in 24 hours.
This market really knows how to hold back, I can endure longer than anyone.
Just after I woke up, I saw the drama at Hormuz; Iran said the strait is closed, the US said it's not closed, and the market just spun in place. $BTC seems indifferent, hanging there without moving, as if they already knew the script.
The most outrageous thing is $PARTI 's liquidation, with 15x leverage long positions being liquidated in batches around 0.05, with only 1.42M in 24-hour trading volume, even a lightweight contract can wipe out leveraged traders.
And there's $BILL, with 17x long positions liquidated around 0.06, with a trading volume of 7.22M, the market is even lighter, making liquidations more straightforward.
This kind of market is most likely to get people caught up. When geopolitical news breaks, everyone's mind is filled with "gold safe haven" and "digital gold," and they itch to click the keyboard.
But $BTC hasn't increased volume, broken out, or seen funding rate movements; rushing in now just makes you the bag holder.
When the market is stagnant, it's more unsettling than a sharp drop. At least with a crash, there's a direction; sideways is just guessing.
My mistake: don't place orders during a news-driven fight; the market doesn't care what you say, it only recognizes money.
When the market isn't moving, it's more panic-inducing than a crash. At least with a crash, there's a direction; sideways just makes you guess.
I admit my mistake: don't trade during news conflicts; the market doesn't care what you say, it only recognizes money.
What do you think about this geopolitical sideways movement and $BTC ? Let's chat in the comments; I haven't blown my margin yet.
#我的Gate交易时刻 #TradFiCFD黄金大师赛 #美伊谈判第一轮结束