Bitcoin (BTC-USDT) Liquidation of positions. They will be selling 216,000 Bitcoin sent to the exchange.
43 million settlements in 1 hour. Risky to trade leveraged positions.
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Liquidation wick of leveraged positions
On Friday there was a movement of 216,000 bitcoins were sent to the exchange
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Sunday and today the price of Bitcoin has been retreating
Those sales may be causing Bitcoin to crash
There is a lot of uncertainty in the market, and that is not good for the markets
Bitcoin Chart
As we see in the daily chart the bearish wick that bitcoin has made.
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Stocks haven't pulled back that much, so there must be another reason.
The alcoins for the most part have not had such abrupt falls of 10% in the last 2 days
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Taking from the first drop, short term, it has retraced just 10% and made me think it must have been long leveraged positions in Bitcoin.
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I have done my analysis and just in the last hour there has been a liquidation of long Bitcoin positions for 43M dollars.
Exchange List - Long Liquidation
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Reflection
If bitcoin, which is the crypto currency with the highest capitalization and daily volume, they make it go back 10%, in 2 days, abruptly to liquidate positions and win the 43 million exchanges, what can happen with the rest of the Alcoins
It seems to me that it is not a good time to NOT carry out leveraged operations
What do you think will be a highlight for whether to go up or continue to decline bitcoin?
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