arkin (arkinpatrick)

Massive Liquidations Sweep the Market In the past 24 hours, a staggering 584,023 traders were liquidated, with total liquidations reaching $1.76 billion! The largest single liquidation order was recorded on Binance: ETHUSDT valued at $19.69M. A strong reminder to manage leverage wisely in this volatile market!

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LIQUIDATION ALERT 📊 Over $1.06 Billion in Shorts are at risk of liquidation if Bitcoin hits $100,000! A massive Short Squeeze could be brewing...🔥 Are you ready for the big move?👀

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On Thursday, short-term Bitcoin (BTC) holders sent around $2.3 billion (or 32,000 BTC) to exchanges at a loss as Bitcoin's price dipped below $70,000, following a recent surge near an all-time high. This wave of panic selling among holders who had the asset for under 155 days was the largest since the yen carry trade unwind on August 5. Known for reacting to market sentiment, short-term holders often sell during drops and buy during periods of market euphoria. In total, over 54,000 BTC was moved to exchanges on Thursday—the highest since March 27.

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Bitcoin made an another new All Time high, and H4 making some good higher highs and lower lows. Price already retest the support and might dip lower a bit before moving any up. Alternatively, a deeper retracement can come along the way and a reversal move.

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