$540 Million Was Wiped Out in One Day: The GOAT Candle of Bitcoin!
On December 5, 2024, Bitcoin ($BTC ) made history by finally crossing the $100,000 price, a moment celebrated by the entire crypto world.
But Here's the Shocking 🥶Twist: In the same dramatic day, Bitcoin experienced an extreme price swing, plummeting to $90,000. This movement led to an astonishing $540 million worth of long positions being wiped out as traders faced mass liquidations.
During the recent sharp price movement in Bitcoin, liquidations were substantial. Approximately $540 million worth of long positions were liquidated as Bitcoin's price fell below $90,000. Meanwhile, on the upside, if Bitcoin had exceeded $93,000, it could have led to liquidations of around $1.6 billion in short positions. These extreme movements are primarily driven by highly leveraged positions in the market, which create zones of vulnerability for both long and short traders.
Additionally, the increased volatility and liquidation levels have been attributed to large leverage clusters at key price thresholds. When these levels are breached, it often triggers a cascade of liquidations due to margin calls, further amplifying the price swings.
Introducing #TheGoatCandle 🔥 This wild market action birthed The GOAT Candle, a symbol of Bitcoin's historic high and its devastating volatility all wrapped in one. A bittersweet moment that will be etched in crypto history forever. This monumental price action created what will now be called #TheGoatCandle , symbolizing both resilience and the unpredictability of the crypto market.
📅 December 5, 2024, will forever be remembered as a day of triumph and turmoil in the world of crypto. If you agree, let's celebrate #THEGOATCANDLE , HASHTAG THEGOATCANDLE ON BINANCE AND ALSO COMMENT BELOW!
The recent price action on GMT/USDT presents a compelling bullish case, supported by technical evidence on the daily chart. Let’s find out and highlight why GMT holds the potential to surge up to $0.36 to $0.40 in the near term.
Liquidity Sweep and FVG Mitigation
The chart illustrates a significant liquidity sweep below the key support level of $0.1925. This sweep successfully grabbed liquidity from weaker hands, which typically signals the end of bearish exhaustion and the initiation of bulli
🌐 GMT to crypto innovations that are driving the future of NFTs, making huge waves in the market. Just look for these amazing growth statistics: 📈 +77.73% in the last 30 days. 🔥 +107.69% over the last 90 days $
This is no longer just a token: GMT is leading the way in blockchain advancements with a robust ecosystem tied to NFTs and the Metaverse.
💡 Exclusive Info: Major investors in crypto are eyeing GMT as the next big breakthrough. Latest data shows that trading volumes are increasing – over US$45 million GMT was traded in the last 24 hours! That is a serious marketing benefit.
⚡ Opportunity: If you invested just US$100 in GMT 90 days ago, your portfolio would have increased to US$207 or a 107% return! And experts speculate that the meeting is not over yet.
🌟 Don't miss this golden opportunity to enter the future of crypto!
🚀 Bitcoin ($BTC ) Hits $100,000 – But Is It Time for a Fall?
Bitcoin has shattered records, hitting the $100,000 mark, but let’s not get too excited just yet. 📉 As I recently predicted, Ethereum was bound to fall back earlier, and now it seems Bitcoin is following the same trend.
Both BTC and ETH are heading toward a significant correction, and here’s why: 🌍 Market trends, investor sentiment, and some hidden factors are aligning for a potential downturn.
I’ll explain in more detail why these two major COINS are facing a critical drop soon. Stay tuned for my full analysis! 🔍
🚨 ETHEREUM’S ($ETH ) PULLBACK: EVIDENCE AND MARKET INSIGHTS THAT TRADERS NEED TO SEE! 🔍📉
Ethereum ($ETH ), the leading altcoin, has shown significant price movements recently. Analyzing historical fair value gaps (FVGs) can reveal important insights for traders and investors. 📈
What is a Fair Value Gap (FVG)? 💡
An FVG is created when rapid price movements leave a range unfilled, acting as an area that might later attract price correction. Ethereum has a history of filling these gaps before significant trends. A key example is March 13, 2023, when ETH left a gap between $2,400 and $1,700. By April 19, 2023, it returned to fill the FVG and then launched into a strong rally. 🔄
Current Market Evidence: December 2024 📊
Fast forward to November 7, 2024, and we see another potential FVG between $2,600 and $2,800. This suggests that Ethereum could experience a pullback to this level to fill the gap before making another upward push. The March 2023 example serves as a strong proof point for this pattern. 🔍📉➡️📈
Why This Matters for Traders and Investors 💰🧠
Identifying FVGs helps traders find optimal entry points, anticipate corrections, and better understand market sentiment. The historical pattern of Ethereum filling these gaps makes it a reliable indicator to watch. 🚦👀
Conclusion: Is a Pullback on the Horizon? 🤔⏳
Given the November 2024 FVG and Ethereum’s history of revisiting these gaps, a pullback to the $2,600–$2,800 range is likely. This could pave the way for a new upward trend. 📊💡
For those interested in a more detailed analysis with additional insights, I’ve prepared a full article covering this topic in depth. Feel free to check it out! 🌟📝
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Ethereum (ETH) Is Pulling Back: Proof and Evidence Backed by Daily Chart Analysis !!
Ethereum ($ETH ) has been on a rollercoaster ride, surging through price levels and setting new highs. However, the most recent price action suggests that a significant pullback may be on the horizon. This isn’t just speculation—it’s backed by solid technical analysis and historical patterns that show the market’s behavior when filling Fair Value Gaps (FVGs). Let’s dive deeper into why ETH may revisit the $2,400–$2,600 range, backed by evidence from the daily chart and key indicators. 📉🧩
🚨🔥 BREAKING: $XRP EXPLODES PAST STRONGEST RESISTANCE! 🔥🚨 💥 The resistance wall at $2.50 has been shattered! XRP is showing no signs of slowing down, and the bulls are in FULL control! 🚀💎 🔑 Key Highlights: ✅ Major Breakout Alert: Strong resistance zone (Orange) obliterated! ✅ Momentum is building: Huge surge toward $2.70+ is possible! ✅ Fair Value Gap (15M) filled, paving the way for smooth upward action! 🔥 This is HUGE! XRP holders are riding the wave as the market heats up like never before. Could this be the start of a new ATH rally? 🌌💹 ⚠️ Don’t Miss Out! If you’re trading, now’s the time to watch closely for the next big move. Secure your positions and stay sharp! 🌟 Community Poll: Where do YOU think XRP is headed next? $2.80? $3? Or even higher? Drop your thoughts below! 👇👇 HODLERS, REJOICE! XRP IS ON FIRE! 🔥🚀 #XRPReclaimsTop3 #XRPGoal #XRP #CryptoNewss
🚀 BTC IS MAKING HISTORY TONIGHT! 🚀 💎 1 BTC = $1,000,000 💵
📣 Yes, you read that right! Tonight, Bitcoin has officially crossed the $1M mark, cementing its place as the ultimate king of digital assets. 🌍
From its humble beginnings in 2009, Bitcoin has faced skepticism, market crashes, and countless "experts" calling it a bubble. Yet here we are—witnessing a historic moment as BTC becomes not just a currency, but a global phenomenon.
🔗 What does this milestone mean for the world? 1️⃣ Redefining Wealth: Bitcoin is now the ultimate store of value, rivaling gold and surpassing the wildest expectations. 2️⃣ Decentralized Revolution: The $1M milestone proves the unstoppable power of decentralized finance, putting control back in the hands of the people. 3️⃣ Changing Economies Forever: Governments, banks, and institutions can no longer ignore BTC. The future of money is digital, and Bitcoin is leading the charge.
🔥 For HODLers: This is your victory! Every dip you survived, every meme you laughed at, and every "crypto is dead" headline you ignored has paid off. 🔥 For Newcomers: It’s not too late! Bitcoin's journey doesn’t stop here—this is just the beginning of a new financial era.
📊 Fun Facts About Bitcoin’s Rise:
In 2010, you could buy 10,000 BTC for 2 pizzas. 🍕
In 2020, BTC crossed $20,000 for the first time.
In 2024, 1 BTC is worth $1,000,000.
💭 What’s Next? Will Bitcoin hit $5M? $10M? Or will we see a new era of altcoins rising? The crypto world is unpredictable—but one thing’s for sure: Bitcoin is unstoppable!
✨ Join the conversation: What are your predictions for Bitcoin’s future? Share your thoughts below and let’s celebrate this incredible milestone together! 🚀🎉