$BTC
Bitcoin's big test is coming!
Is 69,000 heaven or hell?
100 million short orders or 293 million long orders!
Who will lose everything?
Attention! Bitcoin is about to face another big test! This time, $69,000 has become a key node, and a life-and-death battle between short orders and long orders is about to take place!
According to the latest data, if Bitcoin can break through the $69,000 mark in one fell swoop, then the short orders on the mainstream CEX will be in trouble! The cumulative liquidation intensity will be as high as 101 million, which is simply a financial storm! Imagine, those friends who are shorting, have their palms sweated and their heartbeats accelerated?
However, if Bitcoin fails to live up to expectations and falls below $68,000? Then it will be the turn of the long-order friends to cry for their parents! The liquidation intensity of long orders on the mainstream CEX will soar to 293 million, which is simply a bloody storm! By then, the market will probably be in chaos and in mourning.
However, don't be too nervous. The liquidation chart is not an accurate death sentence. It is more like an early warning system that tells us how strongly the market will react when the price reaches a certain position.
Those tall "liquidation columns" are like landmines. Once triggered, they will trigger a wave of liquidity and turn the market upside down.
So, are you ready for this big test of Bitcoin? Bet on short orders or hold long orders? Don't forget that investment is risky, so be cautious when entering the market!
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