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Soo Schipper UCW8
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It seems like there was a significant drop in BTC from 63k to 59k, sparking concerns about its future. The drop triggered massive trades, with over 10,000 BTC (≈$600 million USD) traded in an hour to prevent further decline. This pressure is a sign of the underlying instability in Bitcoin's price. Those who bought with margin above 70k are now at risk of forced selling if the price falls below 58k, which could lead to a cascade of liquidations and a deeper crash. The recent trades were an attempt to delay this crash, but it's inevitable. Eventually, the market may face a real crash before a new bull market can emerge. Stay cautious and safe. 📉💰💥🐂

It seems like there was a significant drop in BTC from 63k to 59k, sparking concerns about its future. The drop triggered massive trades, with over 10,000 BTC (≈$600 million USD) traded in an hour to prevent further decline. This pressure is a sign of the underlying instability in Bitcoin's price. Those who bought with margin above 70k are now at risk of forced selling if the price falls below 58k, which could lead to a cascade of liquidations and a deeper crash. The recent trades were an attempt to delay this crash, but it's inevitable. Eventually, the market may face a real crash before a new bull market can emerge. Stay cautious and safe. 📉💰💥🐂

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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