๐จ Bitcoin Bears Strike Again! ๐จ
- Bitcoin (BTC) took a nosedive below $66,000, causing a 2.3% drop in 24 hours.
- Leveraged longs got a reality check with $800M in BTC futures open interest wiped out.
- Traders like Skew and Daan Crypto Trades say spot selling is the culprit.
- Long liquidations trapped at $69K, making the market a rollercoaster.
- BTC futures open interest hit a record $39.46B, hinting at more volatility ahead.
- Keep an eye on spot buying and leveraged longs to see where BTC heads next!
Stay tuned, and may your crypto always moon! ๐