Will the decline in #Bitcoin and altcoins continue or is it the right time to buy?
Large caps sold some around $73,000, but the price falling to $65,000 made them buy.
With the decline, some of the long liquidations around $65,000 were cleared. currently
🟢Long liquidations are intense at $65,000 and $58,000 levels.
🔴Short liquidations are concentrated at $75,000 - $80,000 and $85,000 levels.
This decrease shows that long transactions are cleared at a high rate.
In other words, a serious burden has been lifted from the market in order for the rise to continue. Investors who think that the rise will continue can easily open transactions because funding rates are low.
Whale activity turned positive at #Bitcoin $44,000. Bitcoin turned negative as it rose to $73,000.
If the $65,000 support goes, it indicates that the sharp decline may continue for a while.
Be careful.
