Over $907 million in longs have been liquidated after BTC hit $49,000
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Has Bitcoin topped out❓ A consolidation or dip after the Bitcoin halving is very common, as seen in each cycle. Historically, these dips have been a good time to accumulate some Bitcoin. Many people confuse this with distribution or a cycle top and end up selling early or staying on the sidelines for the best part of the rally, which starts a few months after the halving. Let's see what happens if you sell your bitcoins during dips after the halving: In 2012, you'd miss a +12,100% gain In 2016, you'd miss a +4,000% gain In 2020, you'd miss a +700% gain In 2024, if Bitcoin reaches $200k, you might miss a +250% gain. In other words, post-halving dips might be a buying opportunity rather than a signal to sell.
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Getting ready to watch the market
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