There are now almost $15bn in short liquidations...
And that is only up to $100k.
I am very confident that Bitcoin is now forming its higher low here, and getting ready to bounce heading into FOMC and throughout a lot of December.
The downside is being over done here, with another $1bn in liquidations in the last 24h.
Short term holder capitulation levels have reached the second most extreme point ever, only second to the $49k Yen carry trade bottom in 2024.
Even if you are in the camp that the cycle is over and we are retracing 75% into a prolonged bear, you will want to wait until the market
And that is only up to $100k.
I am very confident that Bitcoin is now forming its higher low here, and getting ready to bounce heading into FOMC and throughout a lot of December.
The downside is being over done here, with another $1bn in liquidations in the last 24h.
Short term holder capitulation levels have reached the second most extreme point ever, only second to the $49k Yen carry trade bottom in 2024.
Even if you are in the camp that the cycle is over and we are retracing 75% into a prolonged bear, you will want to wait until the market
BTC-0.03%














