Be Aware!!!
VERY VERY IMPORTANT!
Massive leverage has been opened above 62k Bitcoin in the last 24hrs, long liquidations if Bitcoin drops to 62k is $2.5 Billion.
This can be a sign of huge increased upward pressure but also lead to a massive,fast dump if huge sell pressure hits the market and triggers these liquidations.
67K is massive and will have huge sell pressure and people taking profits.
BITCOIN LOVES TO FIND LIQUIDITY!!!!!
Leveraged Liquidity is currently 62k-66k and a LOT of it.
Dont open Leveraged longs while Bitcoin is around 67K, this is even more important with ALT coins or meme coins because if bitcoin rejects at 67k or we hit a long squeeze then they will drop the fastest and the most.
I’m NOT hating or being negative I want to protect people from making mistakes that have led to 10s of BILLIONS in retail liquidations already in the last couple months in EXACTLY the same circumstances.
VOLUME is low after NY and London hours, no KYC exchanges can move the price to these liquidation prices more easily, BE VERY CAREFUL this is when manipulation happens the most.
Be smart.
Peace
