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Just after the U.S. stock market opened tonight, the Nasdaq immediately dropped 1.1%.
Bitcoin$BTC was originally moving down with it.
But when the U.S. stocks fell, it actually pulled back a bit instead.
What kind of reverse operation is this🤔?
Did the whale’s script get flipped😂?
Data shows that over the past 24 hours, the entire network saw total liquidations of $1.419B, with $1.1B in long positions liquidated—200,000 people were wiped out right away.
Ethereum$ETH long positions also got liquidated to the tune of $274M. How many people thought about “buying the bottom at 1500,” only to buy it at the halfway point up the mountain?
Now Bitcoin at 58,000 is the line between survival and doom. If it can’t hold, the next target is 54,000.
The Ethereum 1500 level is even more precarious—it’s been probed and tested several times already, and it honestly feels less reliable than a girlfriend saying “it’s fine.”
I just saw a comment from an older guy saying, “At a time like this, cutting losses is afraid of selling the floor—adding positions, and your hands tremble.” Isn’t that exactly you in front of the screen?
Drop a number in the comments: Bulls deduct 1, Bears deduct 2. If Bitcoin can hold 58,000 tonight deduct 3. If you’re already trapped deduct 4 👇