🚨‼️Massive liquidations‼️🚨The market in turmoil ⚠️Don’t panic ⚠️
⚠️Increased volatility caused large-scale sell-offs. In detail, the night's liquidation figures are as follows:
Total liquidations: $1.51 billion.
👉Liquidations of long positions: $1.38 billion.
👉Liquidations of short positions: $136.7 million.
👉Liquidations for Bitcoin: $163.4 million.
👉Liquidations for Ethereum: $204.7 million.
These liquidations affected nearly 514,400 traders over the last 24 hours.
As Bitcoin struggles to stay near $100,000, investors remain cautious. The recent volatility illustrates the instability of the market, but also its potential to surprise. The current corrections could herald a period of consolidation, before a possible bullish recovery. In short, as we said at the start of this article, don't panic.
🔥Correction on Bitcoin: panic or opportunity?
Although this correction may worry some investors, it does not represent an alarming situation. With prices still flirting around $100,000, the market remains attractive for Bitcoin supporters. Iconic figures like Michael Saylor, a staunch defender of BTC, see these declines as accumulation opportunities, strengthening their positions with each correction.
Bitcoin has proven in the past its ability to bounce back after phases of volatility. This step could therefore be seen as a moment of breathing, potentially announcing a new bullish wave to come, for some, therefore, it is rather the time to buy bitcoin.
