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Ashir Malik
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Why Bitcoin Crashed? #Bitcoin dips after reaching new ATH, open interest drops heavily across major cryptos Open interest for BTC$BTC $ETH , and $SOL dropped significantly after today's all-time high for Bitcoin. This suggests a potential shakeout of: - Longs anticipating further price increases who closed positions before the retracement. - Longs targeting $70K who faced liquidations as prices dipped. - Shorts expecting the ATH to be missed who were squeezed as prices surged.** Further analysis reveals similar drops across other assets, potentially indicating a broader market correction. #TrendingTopic #BTC #BitcoinCrash

Why Bitcoin Crashed?

#Bitcoin dips after reaching new ATH, open interest drops heavily across major cryptos

Open interest for BTC$BTC $ETH , and $SOL dropped significantly after today's all-time high for Bitcoin. This suggests a potential shakeout of:

- Longs anticipating further price increases who closed positions before the retracement.

- Longs targeting $70K who faced liquidations as prices dipped.

- Shorts expecting the ATH to be missed who were squeezed as prices surged.**

Further analysis reveals similar drops across other assets, potentially indicating a broader market correction.

#TrendingTopic #BTC #BitcoinCrash

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Bitcoin Halving is Bitcoiner Eid The Bitcoin halving event is akin to the celebration of Eid in several ways, embodying elements of renewal, anticipation, and communal excitement. Just as Eid marks a significant moment in the Islamic calendar, the Bitcoin halving symbolizes a pivotal point in the cryptocurrency realm. Eid represents the culmination of fasting and spiritual reflection, while the halving reflects years of technological development and market dynamics. Both occasions evoke a sense of anticipation and preparation. In the lead-up to Eid, families engage in rigorous preparations, from cleaning homes to buying new clothes, akin to the anticipation and speculation surrounding Bitcoin prior to its halving. Investors and enthusiasts closely monitor market trends and predictions, eagerly anticipating the impact of the halving on Bitcoin's value and network dynamics. Moreover, Eid is a time for communal celebration, where families and friends come together to share meals and exchange gifts. Similarly, the Bitcoin community unites during the halving, organizing events and discussions to commemorate this milestone and discuss its implications for the future of the cryptocurrency ecosystem. In essence, just as Eid brings renewed spiritual energy and communal joy, the Bitcoin halving infuses the cryptocurrency space with renewed enthusiasm and anticipation, marking a significant moment in its ongoing evolution. $BTC $ETH $BNB #bitcoinhalving #BTC #Memecoins #BullorBear #HotTrends #write2earn
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