1. Bitcoin has fallen from $92,000 to $89,600 in the past 24 hours. Over $450 million in leveraged long positions have been liquidated, BTC continues to fluctuate, and leveraged traders are still being liquidated.
2. This is what low participation looks like. When trading volume remains low, price volatility is driven by leveraged liquidations — not new spot demand. Before participation expands, oscillation + liquidation is the path of least resistance.
3. When #btc price swings back and forth around ten thousand points, each rebound is accompanied by high expectations, but each time the price is pushed back to the original point. This FOMO sentiment turns into panic, so at this point, either oscillate and take profit on rebounds, or continue to enter at the psychological price level because the big move is really coming!
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#btc Continued rebound after liquidation📈
1. Bitcoin has fallen from $92,000 to $89,600 in the past 24 hours. Over $450 million in leveraged long positions have been liquidated, BTC continues to fluctuate, and leveraged traders are still being liquidated.
2. This is what low participation looks like. When trading volume remains low, price volatility is driven by leveraged liquidations — not new spot demand. Before participation expands, oscillation + liquidation is the path of least resistance.
3. When #btc price swings back and forth around ten thousand points, each rebound is accompanied by high expectations, but each time the price is pushed back to the original point. This FOMO sentiment turns into panic, so at this point, either oscillate and take profit on rebounds, or continue to enter at the psychological price level because the big move is really coming!