$639 million in liquidations in 24 hours! 🩸🩸🩸
It's a BLOODBATH! Especially with $541 million in long liquidations alone 💀
It was super weird to see the price stop so close to the huge liquidity pocket when it could have just cleared the train once and for all!
Now the question is: Is the cleanup done?
I think YES! At least in terms of stop-loss hunts.
Now, we need to focus on SPOT and hope that market players change their mindset and start buying again despite the selling pressure coming from the Mt. Gox fund recovery.
Hang in there, folks! This isn’t the first time the market corrects before heading in the right direction. Veterans, you know what I'm talking about.
